Dividend of Titan Company, the jewelery stock of Tata Group, will trade ex-dividend with 1000% payout: Tata Group's stock in the Gems & Jewellery sector, Titan Company Limited, is set to trade ex-dividend for a significant dividend of 1000% on July 13, 2023.
The current market price of Titan Company shares stands at Rs 3037.85 per share, experiencing an intraday decline of 0.35% on the BSE. Over the past year, Titan Company shares have delivered a remarkable return of 56%. Find the details below:
Titan Company, the jewelery stock of Tata Group,
Titan Company Shares Going Ex-Dividend on July 13, 2023: As per the BSE filing dated May 3, 2023, "The Board has recommended a dividend of Rs 10.00 per equity share of Rs 1 each of the Company, to be paid or dispatched after the seventh day from the conclusion of the 39th Annual General Meeting, subject to shareholder approval. Following the F
inance Act, 2020, effective from April 1, 2020, the Dividend Distribution Tax has been abolished, and dividend income is now taxable in the hands of shareholders. Consequently, the dividend payments will be subject to tax deduction at source, as applicable."
Considering the current share price of Rs 3042.50 per share, the dividend yield amounts to 0.33%. Titan Company Stock Performance & Return: The current market price of Titan Company shares is Rs 3037.85 per share, witnessing an intraday decline of 0.35%.
The 52-week high and low prices for Titan Company shares are Rs 3067.70 and Rs 1827.15 per share, respectively. The company, categorized as a large-cap company, boasts a market capitalization of Rs 2,69,696.12 crore.
Over the past 3 months, Titan Company shares have surged by 20%, delivering an 18% year-to-date return. Looking further back, the company has provided a remarkable return of 73% in the past 2 years and an impressive 202% in the past 3 years.
Over the span of 5 years, Titan Company shares have soared by 239%.
Titan Company Financial Performance:
In the quarter ended March 31, 2023, the company reported a consolidated total income of Rs 10,474.00 crore, marking a decrease of 10.46% compared to the previous quarter's total income of Rs 11,698.00 crore.
The latest quarter's net profit after tax stood at Rs 736.00 crore.
Titan Company Overview:
Titan Company Limited (Titan), established in 1984 as Titan Watches Limited, is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
Titan is the fifth largest integrated own-brand watch manufacturer globally
Titan is the fifth largest integrated own-brand watch manufacturer globally. It has gained recognition for revolutionizing the watch and jewellery industry in India and pioneering experiential retail, thus shaping India's retail market, as stated on its official website.
Understanding Tata Group's Jewellery Stock
Tata Group's jewellery stock has been a robust performer in the market, consistently delivering value to its shareholders. As one of India's leading conglomerates, Tata Group has built a strong reputation for its commitment to excellence and customer satisfaction. The jewellery division, known for its exquisite craftsmanship and quality, has gained immense popularity among consumers.
Ex-Dividend Trading and Its Significance
What is Ex-Dividend?
Ex-dividend refers to the period when a stock no longer carries the right to receive the next dividend payment. In other words, if you purchase the stock on or after the ex-dividend date, you will not be entitled to the upcoming dividend payment. On the contrary, if you own the stock before the ex-dividend date, you are eligible to receive the dividend.
The Implications for Investors
Investors who acquire Tata Group's jewellery stock before the ex-dividend date stand to gain significant financial advantages. By owning the stock during this crucial period, investors position themselves to receive the lucrative dividend payout of ₹1,000 per share. This represents a remarkable opportunity to bolster your investment portfolio and generate attractive returns.
Advantages of Investing in Tata Group's Jewellery Stock
Trusted and Renowned Brand
Tata Group's jewellery stock is backed by the trust and reliability associated with the Tata brand. With a legacy spanning over a century, Tata Group has earned a reputation for its unwavering commitment to ethics, integrity, and customer satisfaction. By investing in Tata Group's jewellery stock, you align yourself with a trusted brand known for its quality and craftsmanship.
Resilient Performance and Growth Potential
Tata Group's jewellery division has demonstrated remarkable resilience and consistent growth in the market. The division has successfully navigated various market cycles and emerged as a leader in the jewellery industry. By investing in Tata Group's jewellery stock, you gain exposure to a sector with promising growth potential, thereby positioning yourself to benefit from future market trends.
Diversification of Investment Portfolio
Investing in Tata Group's jewellery stock offers a unique opportunity to diversify your investment portfolio. By adding this stock to your existing holdings, you introduce an element of diversification, which helps mitigate risks and enhances the overall stability of your portfolio. Diversification is a proven strategy to optimize risk-adjusted returns and protect your wealth.
Conclusion
In conclusion, Tata Group's jewellery stock presents investors with a compelling investment opportunity, particularly during the upcoming ex-dividend trading. By investing in this stock, you align yourself with a trusted brand, gain exposure to a resilient industry, and diversify your investment portfolio.
The dividend payout of ₹1,000 per share further enhances the attractiveness of this investment. We encourage you to seize this opportunity and consider adding Tata Group's jewellery stock to your investment portfolio.
Remember, at Tata Group, we are committed to creating value for our investors, and the jewellery stock's ex-dividend trading offers a gateway to lucrative dividend opportunities. Act now and position
Disclaimer: This article solely highlights the dividend and does not serve as a recommendation to buy, sell, or hold the stock. No fundamental or technical analysis has been conducted, and there is no opinion regarding the mentioned stock from the author or Greynium Information Technologies.
Neither the author nor Greynium Information Technologies can be held responsible for any losses. It is advisable to consult a professional advisor.
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