Get in Titan Company, target Rs 565: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "It is a good time to get into Titan Company as of now. The results would have been disappointing, the margins were quite low at below 8 percent, but the management commentary was interesting. They have said that double digit margin is expected and the other businesses, in addition to the jewellery like their accessory business, eyewear business, these are going to contribute incrementally to the revenues going forward. So I would be a buyer at current levels. I would buy with a target of Rs 565 and a stoploss of Rs 500."

At 14:39 hrs Titan Company was quoting at Rs 533.45, down Rs 1.95, or 0.36 percent on the BSE.