Rar(e)ing Bull Titans its grip

The Rar(e)ing Bull appears to have seen red over JumPy Morgan’s recent report on Titan Industries, in which he holds a significant stake. Morgan last week initiated coverage on the stock with an underweight rating and a price target of Rs 1,125, saying earnings growth could be constrained by rising competitive challenges and margin pressure due to a combination of stagnant gold prices and rising operational costs.

As if to prove a point, Rar(e)ing Bull is said to have redoubled his efforts at the counter, pushing up the stock by 13% over the past one week.