Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India

A sharp surge in Titan Company's shares, on the back of a solid Q2 bsuiness update, had a rub-off effect on other jewellery makers as well. Among the gainers were Kalyan Jewellers, and PC Jewellers whose shares surged on the BSE in Friday's intra-day trade on expectation of healthy revenue growth in the September quarter (Q2FY23), and strong demand during the upcoming festive season.

While the months of July and August were muted, mainly due to wedding delays in South India, analysts expect demand to bounce back in the October-December quarter (Q3FY23) given Navratri, and festive season across India.