In July, top fund managers picked up companies which beat street estimates and emerged as turnaround stories. ET lists five such companies, including Suzlon and Titan, which caught the attention of the fund managers, and in which they took a reasonably large exposure.
TITAN COMPANY | BUYER: DSP Blackrock Mutual Fund | MARKET CAP: Rs 55,961 crore
Titan will be one of the key beneficiaries of the implementation of the Goods and Services Tax (GST) as higher costs of compliance for unorganised players would remove the disparities in the cost of doing jewellery business. Titan is expected to gain market share in the coming quarters. The company's brand Tanishq remains focussed on the wedding jewellery segment. It expects its share in the wedding jewellery segment to grow to 40% by FY21 from 22% in FY17.
