Should you buy or sell IDFC First Bank, PVR INOX, Titan shares? Here's what Religare Broking's Ajit Mishra suggests
Titan Company is in focus.
· LiveMint Markets
Ajit Mishra, SVP of Research at Religare Broking, believes that the Nifty’s ability to sustain above the 23,000–23,100 zone is encouraging, but the broader structure remains cautious following the recent correction.
The analysis
Against that, the stock is -0.2% on the day at ₹4,370.00, and has returned -4.2% over three months. It sits 16% below its 52-week high. The consumer durables sector has moved -6.6% over the same period, so Titan Company is running 2.4 points ahead of its peers.
For Titan Company, the question is how much of this is already reflected in the price and how much re-rates the consumer durables peer set alongside it.
Market context
- The company directly in focus is TITAN.
- Sector exposure: Consumer Durables.
In this story
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