Analysts bullish on stocks of jewellery retailers for the long-term

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

Shares of jewellery companies have delivered strong returns in recent months as a sharp pick-up in consumer mobility and pent-up demand after the Covid-19 lull has lifted their prospects.

Stocks of Kalyan Jewellers and PC Jeweller have rallied 76 and 365 per cent thus far in fiscal 2022-23 (FY23), respectively, while Titan is up 3 per cent as compared to a 1 per cent decline in the BSE Sensex during this period.

So, should you look at jewellery retailers ahead of Dhanteras despite the sharp