Apr 15, 2013, 04.16 PM IST | Source: CNBC-TV18

Exit Titan Industries around Rs 250: SP Tulsian

SP Tulsian, advises to exit from Titan Industries around Rs 250.

SP Tulsian, advises to exit from Titan Industries around Rs 250.
Tulsian told CNBC-TV18, “ Titan Industries - investors should definitely look to exit on a price of Rs 250 or so in spite of he having his cost at Rs 287, the reason being that we are not expecting good performance from their jewellery division which has been the division which is giving them this kind of valuations.”
He further added, “Whenever the gold price falls we all know that the consumption of the jewellery or the buying of the jewellery and all that also falls and the competition also starts building up for that division for the company. So, I advice don’t go for averaging. One should look to exit at Rs 250 and move to some other stocks which may be like automobiles or maybe like banking and finance sector where one will be having a better comfort.”

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