This Tata share will change the time of investors, has been Jhunjhunwala's favorite

highlights

The stock of this company can increase up to Rs 500 in 2024 itself.

Veteran investor Rakesh Jhunjhunwala also liked its shares very much.

Titan shares saw a decline in the last few trading sessions.

New Delhi. Shares of Tata Company have given tremendous returns for some time. There is one such company which makes watches and the time of those who invest in it is also going to change very soon. Market experts say that there is a possibility of a huge rise in the shares of Tata Group company Titan in the coming time. It is estimated that the stock of this company can rise up to Rs 500 in the year 2024 itself. Veteran investor Rakesh Jhunjhunwala also liked the shares of this company very much.

Actually, there was a decline in the shares of Titan in the last few trading sessions, but this week once again the stock is showing an upward trend. In the trading ended on March 28, Titan's stock gained 1 percent and reached the level of Rs 3,800. Market experts say that the shares of this company have the potential to give returns of up to 26 percent in the coming time. The price of Rs 500 per stock may increase this year itself.

Also read – Investing and withdrawing money in mutual funds will become difficult, if these important tasks are not done by 31st March

What is the target of this stock?
Brokerage firm Motilal Oswal has also given a buy rating to Titan and this firm believes that the company's stock will grow rapidly in the coming times. After Rakesh Jhunjhunwala, his wife Rekha Jhunjhunwala has also maintained her stake in this stock. Jhunjhunwala has 5.37 percent stake in this company, the value of which was Rs 17,931 crore as of December 31, 2023.

Why is there a bullish forecast?
The brokerage firm says that Titan's business growth is going to be very good in future. Apart from luxury watches, this company also sells jewelery and the demand for jewelery is continuously increasing in the Indian market. Due to this, the business of the company will also increase and the stock rate will also increase. Currently the company has a market cap of Rs 3.3 lakh crore. The company's earnings are expected to increase by 20.3 percent this year.

Read this also – Earning of Rs. 2 lakh crore in 2 hours, 'Bulls' went out of control at expiry, selected shares made investors happy

How far will the price go?
According to stock projection website dailybulls.in, the price of Titan shares can reach Rs 4,297 by the end of 2024. This means that an increase of around Rs 500 per share is being seen. Not only this, the stock of this company is seen reaching the level of Rs 4,532.5 by the year 2025. Obviously, there is a possibility of a rise of around Rs 750 per share in less than 2 years.

.

Tags: Business news in hindi, Stock market today, Stock return, Tata