Silver import curbs put Titan, Kalyan, Thangamayil in focus; bullion stocks rally
DGFT authorisation now mandatory for silver imports above 99.9% purity, tightening bullion procurement for jewellers. Titan rose 2% to ₹4,178, Kalyan 3% to ₹362.55, while Thangamayil surged 9% to a 52-week high of ₹5,219.70. Vedanta and Hindustan Zinc also in focus on supply implications.
Government mandates DGFT authorisation for silver imports, putting jewellery stocks Titan, Kalyan and Thangamayil in focus. Tighter norms may affect bullion availability and procurement costs for jewellers, with Thangamayil hitting a 52-week high.