Titan remains a good bet for long term: Mayuresh Joshi

economictimes.indiatimes.com:

«Somewhere I think the first two quarters might see some slowness come through but a roaring comeback can be expected in Titan in the second half itself,» says Mayuresh Joshi, William O Neil India.Let us begin with Titan itself, it has been a very steady performer, steady wealth compounder over many many years, do you expect this one to be a slow year for Titan going forward? It might be the case but looking at the update that most gold and jewellery companies have given including the likes of Titan and Kalyan, I think the numbers still seem to be sustaining, at least as far as Quarter one or the first half is concerned. The wedding season coincides in the second half itself.

A large part of the jewellery market 60% or more is associated with the wedding season market itself. And to a large extent, the organised market is expected to grow at a compounded pace from 32% odd as the overall market should grow almost 40% in the next two to three years.

Somewhere I think the first two quarters might see some slowness come through but a roaring comeback can be expected in the second half itself. In terms of the market opportunity itself, the expectations in terms of the market size itself compounding at a pace of 9% to 10% and with organised players probably gaining more strength.

These become secular structural stories as this part of the story unfolds. So yes, I think some softness might be expected on a sequential basis.

But to a large element, I think over a longer period of time, Titan probably remains a good bet holding the performance.What is happening on Suzlon? The market in pockets is quite excited about it. We have already seen a massive recovery from the lows, although on a very low base on Suzlon and then there is