Jewellery stocks are experiencing a rally driven by robust festive demand and the upcoming wedding season, despite higher gold and silver prices. Analysts anticipate continued momentum, with strong quarterly results and shifting consumer preferences towards modern designs supporting sales and margins. While near-term outlook remains positive, potential moderation in gains is expected after the recent surge.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.