One statement from Sanjiv Bajaj that consumer durables demand is low this time and one statement from Titan that Gold prices have gone up so demand for gold ornaments has gone down and marketmen are thinking as if there is no future for Indian markets and these companies....
Indians will buy goods like colour TV,washing machines and the financer will be Bajaj Finance....as the banks have their own regulatory and NPA issues......
About Titan, let the marriage season and Dasshehra Diwali come...all Indians will be queing up outside jwellary shops and buy gold jwellary irrespective of price of Gold.....
These ups and downs come in the life span of even great stocks but they overcome these problems.
Smart_trade