The positive consumer sentiment is rubbing off on jewellery sector stocks, with counters like Kalyan Jewellers, TBZ, Senco and PC Jeweller jumping up to 16 percent over the past week.
Rajesh Palviya, Senior Vice President, Technical and Derivatives Research at Axis Securities said that with the festival season in place, the market is expecting a good topline and bottom line growth from the jewellery stocks.
Titan Company, late Rakesh Jhunjhunwala's biggest stock bet, is up over 44 per cent since its July 2022 low. Kalyan Jewellers stock, on the other hand, has zoomed almost 78 per cent from its May 22 lows.