- TITAN industries is one of the best diversifed stock that once can buy. It is Rakesh Jhunjhunwala stock which he holds for very longtime.
- One of the main reason why we recommed to hold this stock is because of its strong management.
- Company reported strong Q1 results +67% in jewellery, partially benefited by the strong sales in April due to a correction in gold price.
- Because of govt. intervention organised players like Titan could get preference over unorganised players to get access to the imported gold for domestic sale due to their better relations with the nominated agencies. This is a favourable environment for Titan to gain market shares from the unorganised industry.
- Titan has a floor space addition plan of 100,000 sq. ft for FY14 which will help increase sales and bost profit.
- It already opened new store in FY 13 who benifed will get added in Coming quaters.
One can Buy with Trgt 550 2 yrs time frame.
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