Jewellery stocks decline despite robust Q3 updates

SHARES OF JEWELLERY companies, including Senco Gold, PC Jeweller, Kalyan Jewellers, PN Gadgil, TBZ and Titan, fell on Thursday, a day after staging a sharp rally on the back of strong Decemberquarter (Q3) updates.

- VIVEAT SUSAN PINTO

Analysts said profit-booking, elevated gold prices and weak broader market sentiment weighed on the stocks. TBZ saw the sharpest fall, down 10.5% intra-day before ending the day at ₹171.15 apiece, down 8.7% versus the previous day's close.