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Jewellery stocks slip up to 3% as festive-demand outlook stays positive
Indian jewellery stocks declined amid volatile gold prices and profit booking. JPMorgan remains positive on organised jewellery retail, citing festive and wedding demand, exchange schemes, lightweight and lower-carat products, and broadly stable margins.
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Reported figures
From the report. Source details below
| Sky Gold & Diamonds: | Rs 818.30, down 2.97% |
|---|---|
| Senco Gold: | Rs 357.70, down 1.39% |
| Kalyan Jewellers: | Rs 620.65, down 1.37% |
| Thangamayil Jewellery: | Rs 5,477.50, down 0.45% |
| PC Jeweller: | Rs 11.20, up 1.73% |
Also in the report
- JPMorgan expects demand support in Q2 and Q3
The source
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