Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "Titan Industries has entered atleast an intermediate bear market. It has dropped more than 30 percent from its peak and fundamentally also the scenario seems to have changed."
"So, we are having a hold on the stock with a stop loss around the Rs 200 mark. If there is a rally maybe towards a Rs 240-250 level, then that would be the best time to really exit out of the stock and wait for lower levels or move to some defensive names in the fast moving consumer goods (FMCG ) and pharma sector like ITC or Sun Pharma where again the visibility on the upside would be much clearer," Doctor added.
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