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Should you buy stocks of jewellery retailers this Dhanteras?

The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?

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Jewellery

2 min read Last Updated : Oct 19 2022 | 7:00 AM IST

Expectations of strong sales this festive season have led to a sharp run-up in shares of jewellery retailers in the past few months.

For instance, shares of Kalyan Jewellers and PC Jeweller have rallied up to 380% so far in fiscal 2023, while Titan is up 3% as compared to a fractional decline in the BSE Sensex during this period.

Going by past trends, jewellers could see bumper sales this Dhanteras riding on high pent-up demand after a Covid-19 lull, and softening in gold prices.

As per HDFC Securities, the first 10 festive days have already clocked 20% jewellery sales volume growth.

Analysts remain

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