Titan Company’s share price has shown a notable performance on October 10, 2024. As of today, the stock is trading at Rs 3,493.45, reflecting a slight increase of 0.73% from the previous close. However, it has experienced a weekly decline of 4.94%, indicating a challenging market environment for investors.
Main Points
- Current Price: Rs 3,493.45
- Daily Change: +0.73%
- Weekly Change: -4.94%
- Monthly Change: -6.28%
- 5-Year Returns: +185.66%
Despite the recent fluctuations, Titan Company has maintained a robust long-term performance with significant returns over the past five years. The stock’s closing price yesterday was also Rs 3,493.45, with a trading volume of approximately 1,063,802 shares.
Important Technical Levels
For traders and investors looking at Titan Company shares, several key levels are crucial:
- Resistance Levels:
- Short-term Resistance: Rs 3,600
- Long-term Resistance: Rs 3,800
- Support Levels:
- Immediate Support: Rs 3,450
- Critical Support: Rs 3,300
These levels are essential for assessing potential price movements and making informed trading decisions.
Market analysts have varying opinions on Titan Company’s future performance. The consensus target price among analysts is set at approximately Rs 4,000, reflecting optimism about the company’s growth potential despite recent setbacks. The stock is currently rated as a “Buy” by several analysts, with a few maintaining a “Hold” rating.
Market Context and Broader Trends
The broader market context also plays a role in Titan Company’s performance. On October 10, the Sensex and Nifty indices opened positively, which could provide some support for Titan shares in the short term. However, external factors such as upcoming economic data releases from the U.S., including CPI and unemployment claims, may influence market sentiment and stock performance in the coming days
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
