Gems and Jewellery industry stocks were trading mostly in green as a report stated that Gems and Jewellery sector has sought reduction of gold import duty to 4%.
Tribhovandas Bhimji Zaveri (TBZ) is currently trading at Rs. 58.40, up by 0.55 points or 0.95% from its previous closing of Rs. 57.85 on the BSE. The scrip opened at Rs. 59.00 and has touched a high and low of Rs. 59.35 and Rs. 58.40 respectively. So far 1140 shares were traded on the counter.
Titan Company is currently trading at Rs. 969.60, up by 3.10 points or 0.32% from its previous closing of Rs. 966.50 on the BSE. The scrip opened at Rs. 966.50 and has touched a high and low of Rs. 973.85 and Rs. 966.00 respectively. So far 13548 shares were traded on the counter.
PC Jeweller is currently trading at Rs. 72.70, down by 1.25 points or 1.69% from its previous closing of Rs. 73.95 on the BSE. The scrip opened at Rs. 74.25 and has touched a high and low of Rs. 74.75 and Rs. 72.20 respectively. So far 185393 shares were traded on the counter.
The Gems and Jewellery sector has sought reduction of gold import duty to 4%, cut and polished diamonds and cut and polished gem stones to its 2.5% and relaxation of credit norms for working capital requirements in the forthcoming budget.
All India Gem and Jewellery Domestic Council (GJC) chairman Anatha Padmanabhan in a letter to finance Minister Arun Jaitley said the 10% import duty on gold was levied to curb current account deficit (CAD).
| Company Name | CMP |
|---|---|
| Titan Co | 4526.30 |
| Kalyan Jewell.India | 426.90 |
| Rajesh Exports | 125.34 |
| Senco Gold | 326.45 |
| Thangamayil Jeweller | 4205.90 |
| View more.. | |
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