2026-01-07 11:15:20 am | Source: Reuters
Indian jewellery stocks rally on strong festive-quarter sales, higher gold prices
Indian jewellery stocks surged on Wednesday after reporting strong quarterly sales growth, driven by higher average selling prices for gold and robust festive-season demand.
Shares of Kalyan Jewellers rose 5%, while Titan Company climbed 4.2% to be the top Nifty 50 percent gainer, following a sharp increase in third-quarter revenue supported by festivals-led large-ticket purchases and a richer premium product mix.
Senco Gold jumped as much as 14% and was on track for its biggest intraday gain in 20 months after reiterating confidence in achieving more than 25% annual growth for fiscal 2026 and reporting a 51% year-on-year surge in December-quarter sales.
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