Jewellery shares climbed sharply on Thursday despite weakness in the wider market. Companies including Senco Gold and Kalyan Jewellers reported solid revenue growth and same-store sales gains for the April-June quarter.
The gains came as organised jewellery retailers highlighted healthy demand even amid broader economic pressures. Both Senco Gold and Kalyan Jewellers delivered robust business updates that helped lift the sector.
Market observers noted that investors appeared to favour established players with strong fundamentals. The moves stood out against the general decline seen across other shares on the day.
Analysts continue to recommend focus on listed jewellery firms that have demonstrated consistent performance in recent quarters.