SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jewellery stocks gain as GST Council cuts tax on jewellery making charges

12 Jun 2017 Evaluate

Gitanjali Gems is currently trading at Rs. 66.40, up by 1.40 points or 2.15 % from its previous closing of Rs. 65.00 on the BSE. The scrip opened at Rs. 67.00 and has touched a high and low of Rs. 68.05 and Rs. 66.25 respectively. So far 89744 shares were traded on the counter.

Tribhovandas Bhimji Zaveri is currently trading at Rs. 91.30, up by 2 points or 2.24% from its previous closing of Rs. 89.30 on the BSE. The scrip opened at Rs. 92.80 and has touched a high and low of Rs. 93.70 and Rs. 91.30 respectively.

PC Jeweller is currently trading at Rs. 532.35, up by 2.15 points or 0.41% from its previous closing of Rs. 530.20 on the BSE. The scrip opened at Rs. 547.00 and has touched a high and low of Rs. 547.35 and Rs. 528.45 respectively.

Jewellery stocks gained traction after the GST Council decided to reduce GST rates for jewellery making charges to 5% from 18% earlier. The council on Sunday reduced tax rates on 66 items including ketchup, instant food mixes, pickles, tractor components, computer printers and insulin as the Centre and the states sought to iron out rough edges ahead of GST's roll out from July 1, 2017.

Peers
Company Name CMP
Titan Co 4205.35
Kalyan Jewell.India 385.45
Rajesh Exports 116.30
Senco Gold 334.00
Thangamayil Jeweller 4006.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×