Tag Archives: Gold Jewellery

Titan: Evergreen but Expensive

Tanishq

At the P/E multiple of 88 on FY20 earnings, the stock is expensive. As per Bloomberg’s consensus estimates, the company’s earnings are likely to grow 120% in FY22 and 23% in FY23 on a Y-o-Y basis. The stock isn’t cheap on FY22 and FY23 earnings as well.

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