point taken that titan still has long way to go but going forward would be very steady and slow.
All growth stocks follow J type price pattern. They go up very fast upon listing,then fall below listing price and again rise almost vertically after that. Titan has passed that phase while TBZ has just began its journey downwards.Hence this one would be fast grower.
Talking only from jwellary point of view titan designs are nowhere near TBZ and I have personally confirmed by buying from titan as well as TBZ and interviewing a lot of women. Hence we can safely assume that atleast in design savy higher end market TBZ would eat into titan.
Going back to marketshare, I have been told by some people in this business that total
share of organised players is about 10% of total market.But unlike ordinary retail these so called 90% unorganised players are infact big,strong local city oriented businesses running for over 50 years.Hence ind insiders believe that penetration from organised to unorganised would be very slow process and initially new entrants would eat into each other's market share.Only at the higher end (high cost diamand and gold jwellary) people would switch to organised players first and for mid/economical jwellary they would stick to local brands. Hence brands like TBZ would benefit most. Brand TBZ has tremendous brand pull in western India and has been successful in denting my pockets heavily in past. Infact I truely experience and understand the meaning of BLACK SWAN EVENT when I visit them with my wife.
Hence take my words,very soon they will drive women in other parts of India also crazy.
Peter Lynch while analysing retail business has said that -generally what succeeds in one part of country has very good chance to succeeding in other parts also because these people have caught the nerve of consumers.
Any way this is personal decision. I must disclose that I had bought TBZ at 110 and sold at 280.But I will enter again at steep corrections.