Sharma told CNBC-TV18, "I do not see Titan Industries going immediately up. So, six months maybe too short a period to recoup the losses. My sense is that one should cut positions to the extent of 50 percent of stock and put hope on the rest of the stock.
This is essentially a company, which has done well for itself and earned both investors' and consumers' confidence for providing the right kind of returns to the investors and also a good and a variable product to the customer.
However, as the news tightens on the gold and other precious jewellery, you have to give more and more information on your buyers. The whole sector could suffer and this stock could perhaps go to a level of Rs 200 or so."
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