Titan Industries is a steady player. People had written that stock off in between and then it rose like a Phoenix from the ashes. It is surely the safest and the best bet, says PN Vijay, Portfolio Manager.
Vijay told CNBC-TV18, "I am not at all comfortable with VIP Industries. It gyrates too much, though the products maybe good. In the case of Jubilant I think it had such a runaway multi-year success and the signs of margin flattening and the Dunkin’ Donuts investment and all that is the first sign that people may probably not give it that type of scorching rating that they were giving before."
He further added, "Titan Industries is a steady player. People had written that stock off in between and then it rose like a Phoenix from the ashes. True, it is subject to changing gold prices and commodity profits etc., but it has now broad- based its model to bring in eye care and its present in the high street is terrific. So of the three when one is slightly getting a bit risk averse and slightly getting negative on FMCG after Hindustan Unilever (HUL) I think Titan is surely the safest and the best."
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