Buy Titan Industries on dips, says Sukhani

Sukhani told CNBC-TV18, "Titan Industries has completed its downtrend or correction. It almost reached Rs 200 which was its target, a couple of rupees shy of 200. Then it builds a decent base, yesterday it broke out. The stock is now likely to resume its upmove that means it’s a buy on dips stock, buy on every breakout."

He further added. "Today may not be a very good day after yesterday’s big gains. But then the buying opportunities will come within the next few days and we should be going long there."

The company's trailing 12-month (TTM) EPS was at Rs 5.78 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 40.84. The latest book value of the company is Rs 13.01 per share. At current value, the price-to-book value of the company was 18.14. The dividend yield of the company was 1.06%.