Titan Company Limited (Titan) released its Q1FY2020 quarterly update, indicating moderating growth in its jewellery division due to increased gold prices (~8% y-o-y), which has further affected the soft demand environment. Titan registered modest growth of 13% in its jewellery division (upwards of 20% growth registered in some of the earlier quarters). However, it has maintained strong double-digit growth momentum in its other key divisions, watches and eyewear. The stock has already corrected by 10%, which is mostly factoring...