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Titan, Kalyan: Jewellery stocks to dazzle in festive season, say analysts

Analysts see more upside for jewellery stocks as festive demand kicks in post the correction of gold prices

Topics
Jewellery stocks shine | Jewellery shares | jewellery

Lovisha Darad  |  New Delhi 



Gold, jewellery
Kalyan Jewellers posted a consolidated profit after tax (PAT) of Rs 107.77 crore in Q1FY23, while Titan saw a 13-fold jump in net profit year-on-year (YoY) at Rs 763 crore.

The sector shines bright as sales pick up after the pandemic and the festival season nears. After and reported better-than-estimated June quarter performance (Q1FY23), analysts believe a re-rating is on the cards as prices soften.

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First Published: Thu, August 18 2022. 10:10 IST

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