Rs 550 Crore Project: Multibagger IT-Company into Expansion of Business with Chip-on-Board Mini-LED Backlighting & for Railways and Defence
The stock gave multibagger returns of 280 per cent in just 2 years and a whopping 2,090 per cent in 3 years.
Titan Intech Limited is setting up a comprehensive manufacturing facility that can produce electronics under both the client's design (ODM) and their own design (OEM) to become a major manufacturer in India. This facility will allow them to create innovative products, meet the needs of a wider range of clients, and support the Indian government's Make in India and Digital India initiatives. The focus will be on miniature LED backlighting for computer chips and products for the railway and defence sectors, both domestically and internationally. The total project cost is estimated to be around 550 crores, and the company will provide updates on its progress as it develops.
On Thursday, shares of Titan Intech Ltd plunged 2.36 per cent to Rs 45.49 per share with an intraday high of Rs 47.99 and an intraday low of Rs 44.27 from its previous closing of Rs 46.59. The stock’s 52-week high is Rs 75 and its 52-week low is Rs 24.13.
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Titan Intech Ltd, founded in 1984, has transitioned from a manufacturer of sewing and embroidery threads to an information technology (IT) company focused on data centres and IT security. The company, originally launched by the Priyadarshini group, has partnered with various organizations throughout its history, including the Andhra Pradesh Industrial Development Corporation and Technocrats, MIC Electronics Limited for LED lighting, and U.P. Industrial Consultants Limited. Today, Titan Intech Ltd offers IT security solutions and is venturing into building state-of-the-art data centres in India.
The company has a market cap of over Rs 100 crore. The stock gave multibagger returns of 280 per cent in just 2 years and a whopping 2,090 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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