Titan Ind has resistance at Rs 825-835

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Titan Ind See messages about Titan Ind Titan Ind BSE | NSE 10/02/12 Are Mutual Funds betting on Titan Ind?

Vivek Mahajan of IL&FS Investmart is of the view that Titan Industries has got resistance at around Rs 825-835 level.

Mahajan told CNBC-TV18, "Titan Industries maybe slightly expensive but the interest in the counter continues to be phenomenal because so much activity-taking place in new lifestyle related products as consumers are spending more and more amount retailing is catching up. So this stock also stands to benefit on that as we go into the festive and marriage season, maybe this been one of the leader in the watch market and also the branded jewellery the product demand expected to be high and as a result the interest on the counter at lower level."

He further added, "This stock has got resistance at around Rs 825-835 level and any crosses above Rs 800 level I will think of booking profit."

Disclosure: I do not have exposure in the above stock.