Stock Surge: Tata Group company Titan, in a remarkable display of surge, has given its investors a massive return of more than 2,15,000% in 23 years. This brings a broader smile on the faces of the investors of the company.
Shares of the Titan company have skyrocketed from a mere Rs 1.57 per share on November 5, 2001 to a staggering Rs 3,379.80 per share at the close of Friday’s trading session on BSE. This means if an investor had invested Rs 1 lakh in the company on November 5, 2001, he/she would be a crorepati now.
The Titan company has the market capitalisation of Rs 2,99,703.29 crores. The 52-week high for the company’s shares is Rs 3,885 per share, whereas the 52-week low is Rs 3,059 per share.
Stock Surge: Return To Investors
The remarkable display of surge translates into the happier investors. The Titan company gave a massive-massive return to investors in 23 years.
For Instance, an investment of Rs 1 lakh in the Titan company on November 5, 2001, would now be valued at over Rs 21.50 crore. This is only when the investor had maintained status quo on his/her investment.
However, Titan’s shares settled on red mark in Friday’s trading session on BSE. The shares were down 0.60% to settle down at Rs 3,379.80 per share with day’s high at Rs 3,422.40 and day’s low at Rs 3,295.85 per share.
Notably, Titan commenced its business on in 1984 from Bangalore. The company employs more than 38,000 people in the overall Titan ecosystem. Titan has 16 brands and over 2,000 retail stores. Titan is India’s leading lifestyle company. The company deals in the Jewellery, Watches, Eye Care, Wearables, Indian Dress Wear and Fragrances & Fashion Accessories segment.
(Disclaimer: This stock market news is for informational purposes only and should not be construed as investment advice.)
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