MARKET EYE-India's Titan jumps on July-Sept operating margins

Thu Nov 1, 2012 12:49pm IST

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* Shares in Titan Industries surge as much as 8.9
percent 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 up 8.3 percent as of 0718 GMT.

 (manoj.dharra@thomsonreuters.com)
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