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ICICI Direct: Titan’s Strong Business Model Enables Sharp Recovery

The liquidity stress faced by India’s unorganised jewellery industry can play out as an opportunity for Titan, ICICI Direct says.

Gold bangles sit on display inside a Titan Co. Tanishq jewelry store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Gold bangles sit on display inside a Titan Co. Tanishq jewelry store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
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