The jewellery manufacturers and retailers stocks are in demand on the bourses after the gold futures extend its gain on the Multi Commodity Exchange (MCX).
Titan Industries, Gitanjali Gems, C Mahendra Exports, Shrenuj & Co and Tribhovandas Bhimji Zaveri are trading higher in the range of 2-5% on the Bombay Stock Exchange.
Today, gold rose by around 1% in futures trade as participants engaged in enlarging their positions mostly supported by a firming trend overseas after the recent plunge boosted physical demand for the precious metal, the PTI report suggests.
At the MCX, the August contract gained Rs 177, or 0.67%, to trade higher at Rs 26,634 per 10 gm at 1141 hours. The June contract moved up by Rs 168, or 0.64%, to Rs 26,215 per 10 gm.
The yellow metal is finding support from strength in physical demand for the metal after heavy selling earlier in the week that ended with a loss of 7% in prices, says Pranav Mer, senior analyst at Mangal Kesav.
Among the individual stocks, Titan Industries rallied 5% to Rs 272 on back of heavy volumes on BSE. The stock opened at Rs 259 and touched a high of Rs 273 so far. A combined 2.63 million shares have changed hands on the counter till 1200 hours against an average around 3 million shares that were traded daily in past two weeks.
Gitanjali Gems was trading higher by 4% to Rs 625, followed by Shrenuj & Co (up 3.5% at Rs 85) and C Mahendra Exports (up 3% at Rs 84.30).
Titan Industries, Gitanjali Gems, C Mahendra Exports, Shrenuj & Co and Tribhovandas Bhimji Zaveri are trading higher in the range of 2-5% on the Bombay Stock Exchange.
Today, gold rose by around 1% in futures trade as participants engaged in enlarging their positions mostly supported by a firming trend overseas after the recent plunge boosted physical demand for the precious metal, the PTI report suggests.
At the MCX, the August contract gained Rs 177, or 0.67%, to trade higher at Rs 26,634 per 10 gm at 1141 hours. The June contract moved up by Rs 168, or 0.64%, to Rs 26,215 per 10 gm.
The yellow metal is finding support from strength in physical demand for the metal after heavy selling earlier in the week that ended with a loss of 7% in prices, says Pranav Mer, senior analyst at Mangal Kesav.
Among the individual stocks, Titan Industries rallied 5% to Rs 272 on back of heavy volumes on BSE. The stock opened at Rs 259 and touched a high of Rs 273 so far. A combined 2.63 million shares have changed hands on the counter till 1200 hours against an average around 3 million shares that were traded daily in past two weeks.
Gitanjali Gems was trading higher by 4% to Rs 625, followed by Shrenuj & Co (up 3.5% at Rs 85) and C Mahendra Exports (up 3% at Rs 84.30).
