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Houseviews: 2 stocks to trade, 2 to shun
Tue, May 08, 2012 at 08:49
Titan
Brokerage: Citi
Rating: Sell
Target: Rs 228
Rationale: The government’s withdrawal of excise on jewellery and the increase in threshold limits for taxation are near-term sentiment positive. But margins will remain under pressure given the high discounting, weaker rupee and high input costs.