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The stock of Titan Industries has been on a relentless upward run at the bourses; it has gained 14 per cent week-on-week and 22 per cent over a month. Market punters attribute this rally to a large operator. However, they advised investors to be cautious on the stock as open interest has declined marginally, despite today being the first day of new series. The stock closed marginally down at Rs 1,335 on the NSE against the previous day’s close of Rs 1,339.10. Of the total traded quantity of 2.7 lakh shares, only 22 per cent was presented for delivery.

K.S. Badri Narayanan

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