|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
Morgan Stanley upgrades Titan Industries
A planned money laundering bill from the government could be restricted to bullion and precious gems only, and not apply to jewellery retailing, which would remove an overhang on the stock, Morgan Stanley adds.
However, the investment bank sees long-term visibility for Titan's business model clouded by government efforts to moderate demand for gold.
Titan shares are up 0.3 percent.