In a remarkable display of surge, Tata Group’s company, Titan has given a massive return of more than 1,00,000% in 23 years to its investors. This brings a broader smile on the face of the company’s investors.
Shares of the company have skyrocketed from Rs 3.37 per share on April 29, 2002 to a staggering Rs 3378.70 per share during the trading session on Tuesday, April 29 on BSE. This means if an investor had invested Rs 1 lakh in the company on April 29, 2002, he/she would be a crorepati now.
The Titan company has the market capitalisation of Rs 2,99,956.31 crores. The 52-week high for the company’s shares is Rs 3,866.15 per share, whereas the 52-week low is Rs 2,947.55 per share.
Return To Investors
The remarkable display of surge translates into the happier investors as the Titan company gave a massive return to investors in 23 years. For example, an investment of Rs 1 lakh in the company on April 29, 2002, would now be valued Rs 10.01 crore. However, this is only possible when the investor had maintained status quo on his/her investment.
The shares of the company are trading in green in Tuesday’s trading session on BSE. The shares were up 0.34% at Rs 3381 per share, with day’s high at Rs 3397 and day’s low at Rs 3353.65 per share, at the time of filing the report.
About The Tata Group Company
Notably, Titan commenced business operations in 1984 from Bangalore. The company employs more than 38,000 people in the overall ecosystem. The company has 16 brands and over 2,000 retail stores and is India’s leading lifestyle company. Titan deals in the Jewellery, Watches, Eye Care, Wearables, Indian Dress Wear and Fragrances & Fashion Accessories segment.
(Disclaimer: This article is for informational purposes only and not an investment advice. Prior to making an investment or taking a loan, conduct thorough research and consult with your financial advisor.)
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