Titan Co Ltd (TTAN) Earnings: 1Q Jewelry Sales Fall Short of Estimates

Titan Co Ltd on Smartkarma

On Smartkarma, independent analyst Brian Freitas has provided insightful coverage on Titan Co Ltd in relation to the Nifty100 Low Volatility 30 Index. According to Freitas, Titan is set to replace Indian Oil Corp in the index, with constituent, volatility, and capping changes leading to a turnover of 13.2% and a trade of INR 4.2bn. The flows on the stocks may not be significant, but there will be same side and offsetting flows from other index trackers. This indicates a positive outlook for Titan’s inclusion in the index.

Another report by Brian Freitas suggests the possibility of one change in the Nifty100 Low Volatility 30 Index in March, with four stocks competing for the single inclusion spot. While the deletion is expected, the final decision will come down to the wire. If implemented, the turnover is projected to be 12.6% with a trade of INR 3.7bn. The inclusion of Titan Co Ltd in this index could signal a favorable outlook for the company’s performance in the coming period, as indicated by Freitas’ analysis on Smartkarma.

A look at Titan Co Ltd Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assessed Titan Co Ltd, a company well-known for manufacturing and retailing jewelry, watches, and perfume for men and women. Based on Smart Scores, Titan Co Ltd has generally positive outlooks for growth and dividends, scoring 4 and 3 respectively. This indicates that the company is expected to show strong growth potential and provide decent dividend yields in the long term. However, factors such as value, resilience, and momentum have received lower scores of 2, suggesting areas where Titan Co Ltd may need to focus on improving. Investors may find Titan Co Ltd an attractive option for potential growth and steady dividends.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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