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.
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