I think it is still under-penetrated market. Equity penetration in India is still in the single digit. So, I think there is immense scope for this to grow.
Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, implying a 56% upside from its reference price
Jewellery stocks, including Shanti Gold International, PC Jeweller and Sky Gold and Diamonds, rose sharply on Friday as mutual fund houses temporarily restricted fresh subscriptions
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