CSuisse upgrades Titan on hopes regulatory overhang would dissipate
Apr 16 2014 , Mumbai
India had allowed five domestic private sector banks to import gold, in what industry officials say could be a significant step towards easing of tough curbs on the metal imposed last year.
Credit Suisse says the expectations says are based on comfort in India's current account deficit and the rupee, and consensus among political parties for easing restrictions on gold imports.
The investment bank also expects a pick-up in demand for jewellery and a turnaround in the company's watches segment.