Rakesh Jhunjhunwala of Rare Enterprises says that he has full confidence in Titan Industries' long-term prospects.
Rakesh Jhunjhunwala of Rare Enterprises told CNBC-TV18, "One may sit tight going into Titan Industries . I have full confidence in the stock for long-term. The fact is that one cannot curb good consumption in India. In the last quarter they gained market share, the customer footfalls are going through the roof. So, I have full confidence in Titan's long-term prospects."
"They grew 45 percent in jewellery sale last quarter and now they are coming out with lot of new products, their eyewear business is doing fantastically well now," he adds.
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Market technically overbought; paper supply to weigh: Dutt