Gold and mining stocks have recently experienced a notable pullback, despite gold prices hitting all-time highs just weeks ago. This correction comes amid easing geopolitical tensions and renewed investor optimism following a temporary tariff truce between the U.S. and China.
As market anxiety fades and risk appetite grows, many investors have rotated out of safe-haven assets like gold, causing both gold futures and mining stock prices to retreat.. With gold rates falling to RS 98,880 for 10 grams from recent highs and several gold stocks trading well below their 52-week highs, investors may find attractive entry points in such stocks, provided they remain cautious of ongoing macroeconomic and geopolitical risks.
1. Senco Gold
Senco Gold Limited is a Pan-India jewellery retailer and is the largest organised jewellery retail player in the Eastern region of India, based on the number of stores. The Company primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum, and precious and semi-precious stones and other metals.
With a market capitalisation of Rs 5,819 crores, at the current market price of Rs 362, the company is trading at a discount of 53 percent of its Previous 52-week high of RS 772. The company’s ROCE stands at 13.8 percent, and its ROE stands at 16.3 percent
2. P N Gadgil Jewellers Ltd
P. N. Gadgil Jewellers Ltd. is a prominent Indian jewellery retailer offering a diverse range of gold, silver, platinum, and diamond jewellery. Founded in 1832 by Ganesh Gadgil in Sangli, Maharashtra, the company has a rich legacy of craftsmanship and trust. Headquartered in Pune, P. N. Gadgil Jewellers operates 53 retail outlets across Maharashtra, Goa, and the United States, with plans for further expansion
With a market capitalisation of Rs 7,286 crores, at the current market price of Rs 537, the company is trading at a discount of 36.67 percent of its Previous 52-week high of RS 848. The company’s ROCE stands at 19.4 percent, and its ROE stands at 20.9 percent
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3. Manoj Vaibhav Gems N Jewellers Ltd
Manoj Vaibhav Gems ‘N’ Jewellers Ltd, operating under the brand name Vaibhav Jewellers, is a prominent regional jewellery retailer based in South India. Established in 2003, the company specialises in offering a diverse range of gold, silver, diamond, and gemstone jewellery through its retail showrooms and online platform.
With a market capitalisation of Rs 1,073 crores, at the current market price of Rs 220, the company is trading at a discount of 33.5 percent of its Previous 52-week high of RS 331. The company’s ROCE stands at 16.4 percent, and its ROE stands at 16.8 percent
4. Rajesh Exports Ltd
Rajesh Exports Ltd. is a Bengaluru-based multinational company and a global leader in the gold industry. The company Exports operates across the entire gold value chain, encompassing refining, manufacturing, wholesale distribution, and retail. The company manufactures a diverse range of gold products, including handmade and machine-made jewellery, gold bars, medallions, and coins.
With a market capitalisation of Rs 5,814 crores, at the current market price of Rs 197, the company is trading at a discount of 40.6 percent of its Previous 52-week high of RS 332.
5. Thangamayil Jewellery Ltd
Thangamayil Jewellery Ltd is a prominent jewellery retailer headquartered in Madurai, Tamil Nadu. Established in 2000, the company specialises in the manufacturing and sale of gold, silver, diamond, and platinum jewellery. With over 37 showrooms and 13 exclusive silver outlets across Tamil Nadu, including cities like Coimbatore and Tirupur, Thangamayil caters to a diverse customer base
With a market capitalisation of Rs 5,907 crores, at the current market price of Rs 1,901, the company is trading at a discount of 25.9 percent of its Previous 52-week high of RS 2567. The company’s ROCE stands at 13.7 percent, and its ROE stands at 14.9 percent
Written By Likesh Babu S
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