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Jewellery stocks lose sheen amid renewed Covid-19 restriction, muted demand

Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers

Topics
Jewellery shares | Markets | Gold Price

Nikita Vashisht  |  New Delhi 



Jewellery
According to a recent report by India Ratings, while the demand recovery of jewellery will be V-shaped in FY22, the overall sectoral demand shall remain only 5 per cent-10 per cent above levels of FY20

An nearly 9 per cent YTD drop in the price of gold and sporadic lockdown amid fears of resurgence of Covid-19 cases has taken some sheen off gold and jewellery stocks. The initial public offer (IPO) by Kalyan Jewellers, too, analysts say, has not met with an overwhelming response as was expected.

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First Published: Wed, March 17 2021. 13:28 IST

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