Shares of gems and jewellery companies are in demand and rallied by up to 18% in late noon deals on back of heavy volumes.
Rajesh Exports, Gitanjali Gems, Tara Jewels, C Mahendra Exports, Shrenuj & Co, Tribuhovandas Bhimji Zaveri (TBZ), Shree Ganesh Jewellery House, Titan Company and Renaissance Jewellery have shot up between 3-18% on the bourses.
Rajesh Exports, the largest gainer among the pack, has soared 18% to Rs 182, also its lifetime high on National Stock Exchange.
At 1445 hours a combined 2.04 million shares already changed hands on the counter against an average sub 200,000 shares that were traded daily in past two weeks on BSE and NSE.
On June 18, 2014 the Gems and Jewellery Export Promotion Council (GJEPC) said gems and jewellery exports is likely to rise to USD 44 billion during this financial year if there are positive policy changes.
The industry is hopeful of relaxation of policies on gold imports and recovering of export markets like the US and other countries, which will help meet the target of USD 44 billion during this fiscal, the PTI report suggests quoting GJEPC Chairman Vipul Shah.
According to Commerce and Industry Ministry data, gems and jewellery exports stood at USD 39.5 billion in 2013-14.
Rajesh Exports, Gitanjali Gems, Tara Jewels, C Mahendra Exports, Shrenuj & Co, Tribuhovandas Bhimji Zaveri (TBZ), Shree Ganesh Jewellery House, Titan Company and Renaissance Jewellery have shot up between 3-18% on the bourses.
Rajesh Exports, the largest gainer among the pack, has soared 18% to Rs 182, also its lifetime high on National Stock Exchange.
At 1445 hours a combined 2.04 million shares already changed hands on the counter against an average sub 200,000 shares that were traded daily in past two weeks on BSE and NSE.
On June 18, 2014 the Gems and Jewellery Export Promotion Council (GJEPC) said gems and jewellery exports is likely to rise to USD 44 billion during this financial year if there are positive policy changes.
The industry is hopeful of relaxation of policies on gold imports and recovering of export markets like the US and other countries, which will help meet the target of USD 44 billion during this fiscal, the PTI report suggests quoting GJEPC Chairman Vipul Shah.
According to Commerce and Industry Ministry data, gems and jewellery exports stood at USD 39.5 billion in 2013-14.
