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Jewellery stocks rise as bullion rally sharpens organised retail outlook
Indian jewellery shares gained as gold and silver prices surged, improving sentiment around inventory values and organised retailers. Analysts cited resilient demand, store expansion, formalisation and premiumisation, with Titan and Kalyan Jewellers identified as preferred sector beneficiaries.
Newer report , , Moneycontrol : UBS initiates Kalyan Jewellers with Buy rating, sees 50% upside
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Reported figures
From the report. Source details below
| Sky Gold and Diamonds rose | up to 4.07% |
|---|---|
| Senco Gold gained | over 3% |
| Kalyan Jewellers rose | more than 2% |
| Titan Company rose | around 0.5% |
| MCX gold exceeded Rs 1.60 lakh per | 10 grams |
| MCX silver exceeded | Rs 2.46 lakh per kg |
| Motilal Oswal Titan target: | Rs 6,000 |
| Motilal Oswal Kalyan Jewellers target: | Rs 800 |
| Motilal Oswal P N Gadgil Jewellers target: | Rs 800 |
| Motilal Oswal Senco Gold target: | Rs 430 |
Also in the report
- Gold rose more than Rs 6,600 per 10 grams over three sessions
- Silver rose over Rs 13,000 per kg over three sessions
The source
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