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Jewellery Shares
As on December 31, 2022, Ashish Kacholia's stake in Goldiam International stood at 1.01%, against nil or below 1% at the end of September quarter, data shows.
The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive demand.
Shares of PNGS Gargi Fashion Jewellery were locked in upper circuit for the 12th straight trading session, and have more-than-doubled in the same period.
The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?
The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?
Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward
After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India
Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY in September quarter.
Analysts see more upside for jewellery stocks as festive demand kicks in post the correction of gold prices
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
Shares of Titan, Thangamayil Jewellery and Goldiam International have more than doubled since last Dhanteras. But will these companies replicate their returns this year as well?
Will new NPA rules be enough to assuage PSBs' concerns? What is Volvo India MD Kamal Bali's glide path to 'net-zero' target? Can jewellery stocks give 100% returns by next Dhanteras? All answers here
Jewellery related stocks have witnessed massive gains since last Dhanteras and continue to trade with a firm bullish bias, indicating more upside for the shares.
The Board of Goldiam International is scheduled to meet on September 13 to consider share buyback
While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms
Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers
Titan Company is hovering around the resistance of Rs 1,300 levels.