Jewellery Stocks Trade Higher; Industry Seeks Reduction in GST On Gold At 1%

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After Titan outperformed and its trading close to its 52-week high price with intra-day trading price high of Rs. 928 on Tuesday, nearly all of the stocks in the sector are trading at high.

Jewellery Stocks Trade Higher; Industry Seeks Reduction in GST On Gold At 1%

The brokerages are bullish on these stocks. In the pack TBZ, PC Jewellers is trading high by over 2 % and has reached a 52-week high in trade today. PC Jewellers has also performed on similar and is trading at its 52-week high.

The industry through the budget 2018 demand of a lower GST rate on gold jewelery of 1% as against 3%.

Sensex was last trading higherat 34893 and Nifty at 10749.

Read about why you should hold gold in your portfolio

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Read more about: gold, jewellery stocks, titan, pc jeweller, tbz
Story first published: Tuesday, January 16, 2018, 9:37 [IST]
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