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Last Updated : Nov 02, 2015 01:12 PM IST | Source: CNBC-TV18

Maintain buy on Titan Company: Societe Generale

Nitin Mathur, Emerging Markets Consumer Research Analyst at Societe Generale maintains a buy on Titan Company.

Nitin Mathur, Emerging Markets Consumer Research Analyst at Societe Generale told CNBC-TV18, "We are maintaining buy on Titan Company. The results were absolutely inline with what we were expecting. The weaker jewellery sales margins was something that we were building in going into the results. Our underlying thesis is that we are betting big on urban consumption recovery to happen in second half of this year. Festive season sales is going to be the first evidence of that and we are maintaining a buy on Titan."

At 12:59 hrs Titan Company was quoting at Rs 351.35, up Rs 2.65, or 0.76 percent. It has touched an intraday high of Rs 354.70 and an intraday low of Rs 330.
First Published on Nov 2, 2015 01:12 pm
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