Knee jerk reaction in Titan’s stock seems unwarranted

[email protected] knee jerk reaction in Titans stock seems unwarranted given a faster recovery in the jewellery sales than earlier anticipated. The stock fell by over 4% on Tuesday after the company reported a loss after 16 years. Sales of jewellery, which is over 80% of revenues saw a 71% drop in value and 81% in volumes. However, the demand is improving month on month and July sales were 101% of previous July while 97% of the stores have opened till date.
On the call with the anal…

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