Reuters Market Eye - Bank of America Merrill Lynch initiates coverage on Titan Industries Ltd
The investment bank cites Titan's dominant market share in jewellery and watches, the bottoming out of discretionary spending, and a potential increase in dividend payout.
BofA-Merrill also says concerns over regulations affecting the sector, including rising controls on gold imports and tighter Know Your Customer rules, are overdone.
(Reporting by Abhishek Vishnoi)
