Tata Group's Titan: Jewellery-to-eyewear manufacturer's market capitalisation crosses ₹3 lakh crore

With today's move, Titan now ranks 18th among the most valued companies in India. It is also the second most valued company in the Tata Group stable.

The Tata Group company had announced a stock split in June 2011, along with a 1:1 bonus share issue as well. The stock first crossed the mark of ₹100 in May 2010.

Titan also ranks among the largest holdings of late investor Rakesh Jhunjhunwala, who was a shareholder for the last two decades. Jhunjhunwala bet on Titan when the stock was between ₹20 and ₹40 and had been a shareholder since then.

As of the September quarter shareholding pattern, late Rakesh Jhunjhunwala's holding in Titan, which is now in the name of his wife Rekha, stands at 5.37%. At the current market price, that holding translates to well over ₹16,000 crore.

"At 3,300, you'd probably be not going to get rewarded so amply. So, this is a stock that you buy on bad days again. It's definitely something which a lot of people don't have in their portfolio given the high valuation it trades at. But this is the time to accumulate companies like this for the long run for stable portfolio performance," Prakash Diwan, a market expert, told CNBC-TV18 on October 9.

Of the 33 analysts that track Titan, 22 have a "buy" recommendation on the stock, while seven have a "hold" rating. Four analysts have a "sell" call, with consensus estimates projecting a potential upside of only 2.5% on the stock.

Titan's shares have delivered positive annual returns every single year since 2017.