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Festive Boost: Titan, Kalyan, Goldiam can rally up to 18%, charts say

With festive season round the corner and gold sales expected to rise, gold-related stocks are likely to be in focus, the charts are indicating more upside for these stocks

Topics
Buzzing stocks | Gold demand in India | Titan Company

Avdhut Bagkar  |  Mumbai 

gold, jewellery

Jewellery stocks are seeing traction after Titan reported a signicant jump in Q2 revenues, up nearly 78 per cent on a y-o-y basis, back to pre-Covid levels. The market cap of the Tata group stock crossed the Rs 2 trillion mark, and the stock trades at record level, with analysts expecting earnings update for the company. READ MORE

This apart, the recent 17 per cent decline in gold prices augurs well for the jewellery stocks. According to a bloomberg report, the World Gold Council data shows that Indians bought 315.9 tons of gold-use jewelry in 2020, almost equal to the combined purchases in the Americas, Europe and Middle East. China is the biggest buyer at 433.3 tons.

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First Published: Thu, October 07 2021. 12:40 IST
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