Titan Industries is a Neutral call: Sonam Udas

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital, shares his views on Titan Industries.

ET Now: What is the call after this fall that we have seen in Titan Industries at this point?

Sonam Udasi: Frankly the mood is just too negative on gold and gold related stocks but that said, the business model is quite good. The valuations at this point still are expensive considering the fact that the growth expectation for the next year has petered down quite a bit. So it will hold on for a while and then investors will start to take the call whether it is back in growth mode or not. So till that time, there is still an overhang on the stock.