Titan Company’s stock reached an all-time high following a robust update on its performance during the June quarter. However, some investors are expressing concerns about the stock’s steep valuation. Currently, Titan is trading at a multiple of 65 times its estimated earnings for the fiscal year 2024, which positions it at the upper end of the valuation spectrum. Amit Jeswani, the founder of Stallion Asset, notes that historically, Titan’s valuation has typically ranged between 55 times and 70 times its price-to-earnings ratio for the upcoming year.
updated chart of Titan:

My Trade Details:

Receive real-time updates on my trade activity by subscribing to premium blog (link)