Long Term Buy Call For Titan Industries

Long Term Buy Call For Titan IndustriesStock market analyst Ashwani Gujral has maintained 'buy' rating on Titan Industries Ltd stock to achieve a long term target of Rs 3756.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 3244.

The stock of the company, on Oct 06, closed at Rs 3416.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3430 and a low of Rs 1220.05 on BSE.

Current EPS & P/E ratio stood at 64.32 and 53.49 respectively.

As per recent reports, Titan Industries Ltd will declare the second quarter results on October 25, 2010.

The company stated that a meeting of its directors will take place on October 25 to consider and sanction the Unaudited Financial Results for the three month period ended September 30.

The stock of the company has gained 165% during the past 12 months.

This growth has made the scrip pricey at the moment.

The unique run-up of BSE consumer durable index that hit its 52-week peak at 6,477 can be attributed to Titan Industries.

Titan Industries Ltd has 40.5% load in the consumer durable index and has earned 165% during the past one year.