Tata Group’s Titan Company has sold 62 lakh shares through a block deal. This number of shares is equal to the company’s 0.7 percent stake. The information about who was a buyer and seller under the transaction has not been revealed yet. After the stock sales, Titan’s stock saw a decline of up to 2 percent and the price on BSE went up to Rs 3307.35. However, the stock was in an open increase.
Under the deal, the stocks sold at an average price of Rs 3306 per share. The total value of the transaction on its basis was Rs 2050 crore. The company’s market cap has fallen to close to Rs 3 lakh crore. The company had a 52.90 percent stake in the company till the end of June 2025.
Titan Company Share strengthened 10 percent in 6 months
Titan Company shares have climbed 10 percent in 6 months. The share of 52 weeks of the stock on BSE is Rs 3866.15, which was seen on 30 September 2024. The 52 -week low of Rs 2947.55 was seen on 7 April 2025. Rekha Jhunjhunwala had a 5.15 percent stake in Titan till the end of June 2025.
Nomura gave ‘bye’ rating
Brokerage firm Nomura has introduced coverage with ‘bye’ ratings for Titan shares. The target price is kept at Rs 4275 per share. This is 26 percent more than the current price. Brokerage said that the difficulties for the company have been left behind to a great extent. Sales growth and margin are now at new normal levels. Nomura has predicted Titan’s results to be weak in the July-September 2025 quarter. However, he said that it could prove to be a good entry point for investment in stock.
Brokerage hopes that the stock will be recovered in the second half of this financial year i.e. October 2025-March 2026. Also, during FY 2026-2028, income (EPS) per share will increase by 24% compound annual growth rate (CAGR). Of the 38 analysts giving coverage on Titan shares, 29 have given it a “by” rating. 6 “hold” and 3 has given it a “sale” rating.
Profit increased by 52 percent in June quarter
In the April-June 2025 quarter, Titan’s consolidated net profit rose 52.58 percent to Rs 1091 crore on an annual basis. The profit was Rs 715 crore a year ago. Sales rose by 21.2 percent to Rs 14814 crore from a year ago to Rs 12223 crore in the June 2024 quarter.
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