Sukhani told CNBC-TV18, "Titan Industries is a very disappointing stock. There is a sense that the worst was over, but apparently it is not the case. What it has done is it has made a distribution after a big decline, that is very unusual, but it is not unusual in the sense that most Fast Moving Consumer Goods (FMCG) stocks are not buying opportunity as it is."
He further added, "It does appear that Titan's trend is down and small rallies should be sold into. It is on the verge of a breakdown again, so we are looking at much lower levels.
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