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.
Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.
Titan, Kalyan Jewellers, PC Jeweller among others trade with a negative bias; these support levels can help you plan your trading strategy here.
BENGALURU (Reuters) - Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday
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
A cheating case has been registered by the police in Mumbai against well-known jewellery retail chain TBZ on the complaint of a city-based jeweller over alleged dues of Rs 6.57 crore
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
Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold
TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3
Leading jeweller Tribhovandas Bhimji Zaveri or TBZ Original on Friday clarified that it is in no way connected with Tribhovandas Bhimji Zaveri & Sons Retail, which is facing bankruptcy proceedings. The company, also known as TBZ-The Original, in a BSE filing said it is neither connected nor does have any relation with Tribhovandas Bhimji Zaveri & Sons Retail Pvt Ltd, which has gone into insolvency proceedings, nor do its promoters or the management hold any shares in the bankrupt jeweller. TBZ-The Original has actor Sara Ali Khan endorsing its brands, and is promoted by industry veteran Shrikant Zaveri, the filing said. This clarification came in after the resolution professional of Tribhovandas Bhimji Zaveri & Sons Retail put up a public notice on December 16 seeking claims from lenders and non-financial creditors.
The stock dipped 16% to Rs 116 on the BSE in early morning trade after the company reported 90% fall in its standalone net profit at Rs 80 lakh in Q2FY18.