Stocks to watch: Titan Industries,Marico,Clutch Auto, Dr Reddys, MIC Electronics

MUMBAI: Titan Industries, is looking to triple its topline from Rs 4,600 crore this fiscal to Rs 14,000 crore over the next five years. Bangalore-based watch and jewellery arm of the Tata Group, which did not alter its expansion plans during recession, plans to strengthen its presence in the wedding jewellery market and divert focus to smaller international watch markets such as Vietnam, Oman and Qatar.

Marico, makers of Parachute hair oil and Saffola edible oil, said on Monday it has bought Colgate Palmolive’s hair care brand Code 10 for an undisclosed sum, as it pushes for revenue growth in the South-East Asian markets and strengthens its position to fight future competition in India.

Clutch Auto Ltd is planning to acquire 50000 square meters land in Alwar, Rajasthan at a cost of Rs 1500 lakh.

Dr. Reddy’s Laboratories and Rheoscience have announced that their balaglitazone drug met its primary target of reducing blood glucose levels.

MIC Electronics has bagged Rs 14.15 crore orders.