Accumulate Titan Company: Jagannadham Thunuguntla

Jagannadham Thunuguntla, Head-Research at Karvy Stock Broking told CNBC-TV18, "We have been having a positive view on Titan Company. The level of Rs 450 cannot be ruled out in terms of share price and the company has been consolidating and has been doing reasonably well. The results were good and even though there were concerns earlier in terms of usage of PAN card whenever there is transactions at a certain level, even that concern is sort of reasonably taken care. I think Titan is at a point where again it is a good level to start accumulating."At 13:16 hrs Titan Company was quoting at Rs 355.80, up Rs 16.50, or 4.86 percent. It has touched an intraday high of Rs 356.25 and an intraday low of Rs 346.00.