5 April 2024 – Rahul Gandhi’s investment portfolio has attracted attention as he disclosed holdings worth over Rs 4.30 crore across 25 stocks. Notably, his significant stake in Tata Group’s Titan has yielded remarkable returns, reflecting the stock’s stellar performance in the past decade.
Gandhi’s portfolio revealed a notable investment in Titan shares worth Rs 32.58 lakh, alongside his maximum exposure to Pidilite Industries. Titan, a Tata-owned company, has been a favored investment choice due to its robust financial performance, evidenced by its recent third-quarter results.
In the third quarter of FY24, Titan reported a 9.4% increase in standalone net profit and a 24% rise in total income compared to the previous quarter. Its shares have surged, delivering over 1,300% returns in the last decade and recovering substantially from its 52-week low.
Analysts, including Motilal Oswal, maintain a bullish outlook on Titan, reaffirming a ‘BUY’ rating with a target price of Rs 4,300. They highlight Titan’s superior competitive positioning, strong brand recall, and non-jewellery business expansion as key drivers of future growth.
With its inception in 1984 as Titan Watches Limited, Titan Company Limited has evolved into the fifth-largest integrated own-brand watch manufacturer globally. It operates as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
