Titan says new PAN card rule could affect jewellery sales

Motilal Oswal wrote in a note: "We believe the change in regulation could impact nearterm demand for Titan and its near-term performance will be impacted by the trinity of weak demand, deflationary gold price and absence of operating leverage. This does impair the near-term earnings visibility http://goo.gl/SxibrN
http://goo.gl/SxibrN