Jewellery Shares

This recently listed IPO freezes at 10% lower limit; down 43% from Jan high

Shares of Blackstone-backed International Gemmological Institute India (IGI) were locked at the 10% lower circuit at Rs 366.60, also its new low on the BSE in Monday's intra-day trade.

Nuvama bets on QSR, jewellery sectors post Q3, picks Jubilant, Titan, Trent

Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook

These 2 smallcap stocks hit new highs; zoom up to 82% in two months

Goldiam International has rallied 9% to Rs 569.50 in intraday trade, zooming 82% in 2 months and PGIL has surged 6% to Rs 1,718.05 in intraday trade, soared 71% in two months.

Goldiam International stock hits new high; zooms 32% thus far in January

Goldiam is geared to expand ORIGEM's footprint with an aggressive retail launch strategy across key locations, positioning it to capture a larger share of the lab‐grown diamond jewellery market.

Accel-backed Bluestone Jewellery eyes $1.4 bln valuation in India IPO

The IPO also comes at a time when urban consumption is slowing amid sticky inflation, potentially clouding the growth view for a company like Bluestone, whose business is built on discretionary produc

PC Jeweller board approves issuing 51.7 mn shares to lenders to settle debt

PC Jeweller Ltd's board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt. In a regulatory filing on Wednesday, the company informed that the board has approved "issuance of 5,17,11,462 equity shares to the Consortium Lenders for settling part of their outstanding debts by way of preferential allotment on private placement basis". The consortium lenders will be classified under 'Non-Promoter, Public Category'. The shares will be issued at a price, which is higher than the floor price. PC Jeweller has opted for OTS (one-time settlement) for its outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties etc. In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI an

PN Gadgil zooms 8% as MOFSL initiates coverage with 'Buy', sees 24% upside

The rise in the PN Gadgil share came after domestic brokerage firm Motilal Oswal initiated coverage with a 'Buy' rating for a target price of Rs 950, reflecting an upside of 24%

This 'B' group stock is locked in 5% upper limit today; check reasons here

The surge in the Ashapuri HGold Ornament share price came after the company announced that it has entered into an agreement with Titan Company (Titan)

Titan Q2FY25 results: Net profit down 23% due to cut in customs duty

Its revenue from operations grew 25.8 per cent at Rs 13,473 crore in the quarter over last year while its net profit stood at Rs 704 crore

This jewellery share hits record high as board okays stock split, fundraise

Senco Gold shares rose today after its board, on Friday, approved a fundraising plan via QIP worth Rs 500 crore

PC Jeweller hits 52-wk high as board to consider stock split on Sept 30

The uptick in PC Jeweller stock came after the company announced that the board will meet on September 30 to consider a stock-split.

These 2 smallcap stocks have zoomed over 100% in 5 wks; hit multi-year high

Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have hit multi-year highs after rallying up to 17% on the BSE in Monday's intra-day trade on the back of heavy volumes.

This jewellery stock hit the 5th straight upper limit; up 95% from June low

PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday's intra-day trade amid heavy volumes.

Union Budget 2024: Jewellery shares rally as govt cuts custom duty on gold

India Budget news 2024: Customs duty on gold and silver has been reduced to 6% which may lead to a decline in domestic prices and perhaps lift demand

Titan stock dips 4% on disappointing jewellery biz growth in June quarter

High gold prices (20% growth YoY) had an impact on consumer demand. Coupled with lower wedding days, overall sentiments were relatively muted in comparison to Q1FY24, the company said.

Kalyan Jewellers revenue growth surges 27% in Q1 FY25, plans expansion

Kalyan Jewellers on Friday reported a 27 per cent year-on-year increase in consolidated revenue for the first quarter of the financial year 2024-25, driven by strong performance in both Indian and Middle Eastern markets. The company had reported a consolidated net revenue of Rs 4,376 crore in the first quarter (April-June) of the 2023-24 fiscal year. India operations saw a 29 per cent revenue growth during the first quarter of this fiscal, compared to the corresponding quarter of the previous fiscal year, with a 12 per cent same-store-sales growth, the company said in a regulatory filing. The revenue from Middle East operations was up 16 per cent, contributing 15 per cent to the consolidated revenue. The company said 13 new franchisee-owned-company-operated (FOCO) showrooms were opened during the April-June period this year in India, while the digital platform Candere recorded a 13 per cent revenue growth. The company said it plans to convert its Candere business into a wholly-own

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here

Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent

Senco Gold rallies 20% as Q4 biz update paints healthy demand outlook

Despite rising gold prices, on a YoY basis the company said it achieved 13 per cent volume growth in Gold and 19 per cent volume growth in diamond in FY24.

Senco Gold Q3 results: Profit after tax increases 6% at Rs 109.32 crore

Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company's profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory filing on Tuesday. The company's revenue from operations grew by 23.3 per cent during the quarter under review at Rs 1,652.20 crore, compared to Rs 1,339.63 crore in the same period of the previous year. "Our consistent performance demonstrates our robust execution capability, operational prudence and financial rigour. We achieved the highest-ever third quarter revenue of Rs 1,652 crore recording quarter-on-quarter (QOQ) growth of 43 per cent and year-on-year (YoY) growth of 23 per cent... "The new showroom launches of 18 so far have also led to investment in working capital out of our internal accruals, IPO funds and incremental borrowing. We thus remain dedicated t

Kalyan Jewellers Q3 results: Consolidated PAT rises 21.5% to Rs 180.37 cr

Kalyan Jewellers reported a 21.51 per cent growth in consolidated Profit After Tax (PAT) at Rs 180.37 crore for the December quarter. The company's PAT stood at Rs 148.43 crore during the year-ago period, the company said in a regulatory filing. Revenue from operations of the Thrissur-headquartered company grew 34.47 per cent during the third quarter of the ongoing fiscal to Rs 5,223.07 crore as against Rs 3,884.09 crore in the year-ago period. The jewellery retailer further stated the company's total revenue from its Middle East operations during the quarter under review was Rs 683 crore against Rs 641 crore a year ago, registering a growth of over 6 per cent. "Consolidated revenue growth for the first nine months of the current fiscal is around 31 per cent and revenue growth in India is 36 per cent driven by robust network expansion along with healthy same-store-sales-growth," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said. "The ongoing quarter has also start