{"id":101994,"date":"2023-04-21T11:55:00","date_gmt":"2023-04-21T06:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101994"},"modified":"2023-04-21T11:51:26","modified_gmt":"2023-04-21T06:21:26","slug":"3-jewellery-stocks-to-watch-on-the-auspicious-occasion-of-akshaya-tritiya","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/3-jewellery-stocks-to-watch-on-the-auspicious-occasion-of-akshaya-tritiya\/","title":{"rendered":"3 Jewellery stocks to watch on the auspicious occasion of Akshaya Tritiya\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1846616650\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Akshaya Tritiya, also known as \u2018Akha Teej\u2019, is a highly auspicious and sacred day with a belief that anything beginning on the same day is indestructible and will eventually flourish with time. Keeping to it, it is generally observed that people start new ventures or purchase valuable commodities.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-573324660\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As an analogy to the above thought, people generally believe that purchasing gold symbolizes wealth and prosperity that would grow with time. Hence, there is a surge in demand for gold during this period. As of today, the rate per 10-gram Gold (24 carat) is Rs 61,180.&nbsp;<\/p><p>As a result, listed below are 3 stocks in the Jewellery segment which investors should watch as Akshaya Tritiya arrives soon:&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-titan-company-limited\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TITAN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Titan Company Limited<\/a>\u00a0<\/strong><\/h4><p>Tata Group-owned Titan Company Limited is engaged in the business of manufacturing and sale of watches, jewellery, eyewear, and other accessories and products. The firm generates a majority of its revenue from the jewellery segment. Its product portfolio includes various brands such as Tanishq, Fastrack, Sonata, and others. The stock is currently trading at a price of Rs 2,577 and has a market capitalization of Rs 228,809 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2013290352\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a look at the financials of the company, the quarterly numbers reported by the company show that the revenues and net profits have increased with revenues moving from Rs 9,163 crores in Q2 to Rs 11,609 crores in Q3 and net profits shifting from Rs 835 crores to Rs 912 crores during the same period.&nbsp;<\/p><p>Since the fest of Akshaya Tritiya is nearby, Tanishq has introduced limited-edition \u2018Chola-dynasty\u2019-inspired collectible coins named Vetriyin Kaarigai Nanayam, Karanthai Victory Nanayam, Nataraj Nanayam, etc. Moreover, the company reinstated its advanced booking option due to soaring &amp; volatile gold prices which will allow buyers to lock in the price of the yellow metal in advance.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAJESHEXPO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rajesh Exports Limited<\/a>\u00a0<\/strong><\/h4><p>Rajesh Exports Limited is a manufacturer and retailer of gold jewellery, medallions, and other products. Around 90 percent of the revenue comes from exports. The company also sells products through wholesale channels. The stock is currently trading at a price of Rs 572 and has a market capitalization of Rs 16,885 crores.&nbsp;<\/p><p>Going through the financials of the company, the quarterly numbers reported by the company show that the revenues and net profits have increased with revenues moving from Rs 80,270 crores in Q2 to Rs 94,474 crores in Q3 and net profits shifting from Rs 373 crores to Rs 422 crores during the same period.<\/p><p>The company has recorded improving profitability numbers with increasing ROE and ROCE ratios. ROE moved from 7.77 percent in FY20-21 to 8.53 percent in FY21-22. ROCE, during the same period, moved from 8.62 percent to 8.85 percent.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KALYANKJIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Kalyan Jewellers India Limited<\/a>\u00a0<\/strong><\/h4><p>Kalyan Jewellers India Ltd is a Jewellery company with business activities including the manufacture, design, and sale of a variety of gold and other jewellery products. The stock is currently trading at a price of Rs 103 and has a market capitalization of Rs 10,588 crores.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3878937890\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Having a quick overview of the financials, the quarterly numbers reported by the company show that the revenues and net profits have increased with revenues moving from Rs 3,473 crores in Q2 to Rs 3,884 crores in Q3 and net profits shifting from Rs 106 crores to Rs 148 crores during the same period.&nbsp;<\/p><p>The company recently announced the commencement of its Akshaya Tritiya celebrations with exciting offers for customers providing appealing discounts and valuable giveaways on their jewellery purchases.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2012943513\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Akshaya Tritiya, also known as \u2018Akha Teej\u2019, is a highly auspicious and sacred day with a belief that anything beginning on the same day is indestructible and will eventually flourish with time. Keeping to it, it is generally observed that people start new ventures or purchase valuable commodities.&nbsp; As an analogy to the above thought, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[4790,8735,7918,8736,7917,8734,8732,8733,8731,948,936,3153,3157,2597,4806,2911,8730,5839],"class_list":["post-101994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kalyan-jewellers","tag-kalyan-jewellers-akshaya-tritiya","tag-kalyan-jewellers-latest-news","tag-kalyan-jewellers-new-jewelery","tag-kalyan-jewellers-share-price","tag-rajesh-exports-akshaya-tritiya","tag-rajesh-exports-latest-news","tag-rajesh-exports-new-jewelery","tag-rajesh-exports-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-titan-future-plans","tag-titan-latest-news","tag-titan-new-jewelery-launch","tag-titan-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Jewellery stocks to watch on the auspicious occasion of Akshaya Tritiya\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"As an analogy to the above thought, people generally believe that purchasing gold symbolizes wealth and prosperity that would grow with time. Hence, there is a surge in demand for gold during this period. As of today, the rate per 10-gram Gold (24 carat) is Rs 61,180.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=101994\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Jewellery stocks to watch on the auspicious occasion of Akshaya Tritiya\u00a0\" \/>\n<meta property=\"og:description\" content=\"As an analogy to the above thought, people generally believe that purchasing gold symbolizes wealth and prosperity that would grow with time. Hence, there is a surge in demand for gold during this period. 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