Shares in Titan Industries surged a day after posting better-than-expected operating profit margins for the July-September quarter, although its net profit was in line with estimates.
ICICI Securities said it expects Titan to post improved earnings in the second half of the fiscal year.
"We remain hopeful about a better second half on the back of the festive season and the onset of the wedding season," ICICI says in an email to clients.
Titan shares gained 9.8 per cent to Rs 284.90 on the BSE.
Copyright Thomson Reuters 2012
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