The uptick in share price came after the company announced that its board will meet on September 26 to consider the proposal for raising of funds.
Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.
Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Jewellery related stocks have witnessed massive gains since last Dhanteras and continue to trade with a firm bullish bias, indicating more upside for the shares.
Broking firms are advising their retail clients to buy shares of Just Dial to gain from the arbitrage opportunity created by the open offer launched by the arm of Reliance Industries
Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers
Thangamayil Jewellery soared 20% to Rs 347 after reported profit of Rs 9.62 crore in Q1.
The stock was up 3% to Rs 308, extending its Thursday's 9% rally on the BSE.