This Jhunjhunwala stock falls amid margin dip in Q4; should you sell?

Titan's operating margins contracted 210 basis points in Q4 to 10.9 per cent, as against 13 per cent a year ago

Titan Company shares declined 2.3 per cent to Rs 1,471.6 apiece in the intra-day deals on the BSE on Friday after the jewellery maker took a hit on its margins in the March quarter of FY21 on the back of salary hikes, lower proportion of studded sales, and reduction in gold import duty. At close, the stock was down 0.95 per cent at Rs 1,492 on the BSE as against a 2 per cent decline in the benchmark S&P BSE Sensex.

Titan Company, in which Rakesh Jhunjhunwala has a stake holding of 3.9 per cent at the end of March