Shares of leading jewellery companies continued their upward momentum for the fifth straight session on Wednesday, driven by value buying, favourable gold prices, and anticipation of strong demand in the upcoming festive and wedding season.
Senco Gold led the gains, rising 4.76% to an intraday high of Rs.372 on the NSE. The stock has climbed nearly 10% over the last five trading sessions. Kalyan Jewellers also saw strong buying interest, advancing 3.27% to Rs.609.50, while Titan Company edged up 1% to Rs.3,448. Goldiam International recorded the highest single-day jump among the pack, surging over 6% to Rs.363.5.
The continued rally in jewellery stocks comes despite a largely subdued broader market. Analysts attribute the sectoral resilience to robust business updates, sustained expansion strategies, and heightened investor confidence ahead of the festive season.
With consumer demand expected to accelerate in the coming months and gold prices stabilising, market sentiment towards jewellery counters remains buoyant.
Be the first to comment