Silver import curbs put Titan, Kalyan, Thangamayil in focus; Thangamayil hits 52-week high
DGFT authorisation now mandated for silver imports, tightening bullion procurement for jewellery retailers. Thangamayil surged 9% to a 52-week high, Kalyan rose 3% to ₹362.55, and Titan gained 2% to ₹4,178 as markets weighed cost and availability impacts on the jewellery supply chain.
What happened
Government mandated DGFT authorisation for silver imports, putting jewellery stocks Titan, Kalyan and Thangamayil in focus. Thangamayil hit 52-week high;
Key facts
- Titan ₹4,178 +2%
- Kalyan ₹362.55 +3%
- Thangamayil ₹5,219.70 +9% 52-wk high
- 99.9% silver purity threshold
Why this matters
Regulatory friction on silver imports favours scaled players with compliance infrastructure, opening M&A windows for sub-scale regional jewellers squeezed on procurement.