Analysts highlight opportunities in organized jewellery retailers and gold ETFs
1 report, 1 independent
Updated Thu 00:00
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What happened
Analysts noted a clearer opportunity in organized jewellery retailers ahead of the festive season. For long-term exposure to precious metal, gold exchange-traded funds (ETFs) were recommended. According to ACE Equity data, most jewellery stocks gained year-to-date, with Tribhovandas Bhimji Zaveri leading the rally.
Why it matters
Gold ETFs track domestic gold prices and offer relatively direct exposure to the metal. Jewellery companies, such as Titan Company and Kalyan Jewellers India, are consumer-facing businesses, meaning their stock performance is driven by different investment factors.
Who's involved
- SAMCO SecuritiesIndian financial services company involved in monitoring index performance
- ShethHead of Market Perspectives and Research at SAMCO Securities
- Motilal OswalIndian businessman involved in the financial ecosystem that monitors index performance
- IrelandSovereign state in Northwestern Europe that SAMCO plans to integrate funds domiciled in
- ZerodhaIndian financial services company engaged in competitive expansion within the international brokerage market