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Buy Titan Industries: Thukral

28 Jun 10 11:09 AM
Money Control
Buy Titan Industries, says Hemant Thukral, Asian Markets Securities.

Thukral told "Among the FMCG or consumer durable stocks, Titan has not had a good last series considering the way the others have run up. So it is slightly underperformed and what we feel that after the rollovers and the way the open interest has added on Friday, it will do somewhat catch up rally with other of its peers."

He further added, "We are recommended to buy it in fact we have bought it for our clients, we have a target price of Rs 2,400 in some next 7-10 trading sessions, we are keeping a stop loss of Rs 2,190-2,200 because that has been a base or a consolidation price for Titan over last 10-15 trading sessions."