Saturday, July 26, 2008

Titan


Titan ,the stock in July 2003, the company was in dire straits. It was also undergoing a restructuring exercise with a target of increasing earnings at a fast pace. The company's strong brand equity in the domestic watches market and the prospects of strong growth in the jewellery business accompanied by improving margins made the stock an attractive proposition. Since then, the stock price performance tracked the company's growth and multiplied 16 times, from Rs 67 to Rs 1,070; all in a span of 5 years.

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