Goldman upgrades Titan Industries to 'buy' - NDTV

Reuters | Updated On: July 09, 2013 10:25 (IST) Goldman Sachs upgraded Titan Industries Ltd to "buy" from "neutral", saying the jewellery retailer is "sufficiently" capitalised to buy gold without too much leverage, while its growth is being supported by additional stores and "resilient" wedding and discretionary demand. Titan's policy of hedging gold fully protects it from volatile gold prices, while it offers "a strong competitive position" due to its high capital efficiency, Goldman added. Titan has fallen 18 per cent in 2013 as of Monday's close compared with a 0.5 per cent fall in the BSE Sensex in the same period. Titan's shares were up 1 per cent at 10:26 a.m. Copyright: Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEGWpGf3UHr-DyqP_MpzwataF31uQ&url=http://profit.ndtv.com/news/market/article-goldman-upgrades-titan-industries-to-buy-324231

Put the internet to work for you. via Personal Recipe 2910127