Jewellery Stocks See Buying; Thangamayil Jewellery Gains 10%

Indices in trade today are firm with Nifty up as much as 38 points at the time of writing this report. Broader markets have been performing still better with Nifty Midcap 100 up over 0.4 percent.

Among the Nifty sectoral indices, weakness was seen only in the metal and private bank space, while all other indices performed well.

Industry wise, jewellery stocks saw buying interest after the government amid the Covid 19 second wave extended the deadline for mandatory gold hallmarking to June 15 from June 1 earlier.

Here are some of the stocks from jewellery space with their stock price movement:

The stock of Thagamayil Jewellery has even hit a new 52-week high price of Rs.951.8 per share on the NSE. In 2 days, the jewellery company stock has gained 20 percent.

Similarly, there is seen buying in some of the other sectors including sugar, hosiery stocks.

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