Avoid Titan Industries, says Gopi Suvanam

Aug 20, 2013, 05.59 PM IST

Gopi Suvanam, Founder of InvestWorks is of the view that one may avoid Titan Industries. "I don't want to touch this stock at this moment and at the same time I won't look to short this stock also because it is not easy to short a stock like Titan," he adds.

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Avoid Titan Industries, says Gopi Suvanam

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Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "I would keep my hands away from Titan Industries . There would be significant impact going forward as well when we start seeing quarterly results coming in September. I think we could see some real impact on the measures RBI has taken. In general I am not particularly bullish on midcap stocks because I sense that margins would be compressing because of competition etc and there could be a slowdown in their topline as well."

"I don't want to touch this stock at this moment and at the same time I won't look to short this stock also because it is not easy to short a stock like Titan," he said.

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