Jewellery stocks slip after PM Modi urges citizens to postpone gold purchases

Mumbai, May 11 (Udaipur Kiran): Jewellery industry-related stocks traded lower after Prime Minister Narendra Modi urged citizens to postpone gold purchases, use fuel judiciously, and avoid unnecessary foreign travel, among other measures, to help strengthen the economy.

Kalyan Jewellers India is currently trading at Rs. 390.35, down by 34.30 points or 8.08% from its previous closing of Rs. 424.65 on the BSE. The scrip opened at Rs. 409.05 and has touched a high and low of Rs. 410.00 and Rs. 382.20 respectively. So far 1642506 shares were traded on the counter.

PN Gadgil Jewellers is currently trading at Rs. 672.90, down by 55.80 points or 7.66% from its previous closing of Rs. 728.70 on the BSE. The scrip opened at Rs. 692.00 and has touched a high and low of Rs. 701.65 and Rs. 662.05 respectively. So far 46644 shares were traded on the counter.

Titan Company is currently trading at Rs. 4222.90, down by 290.50 points or 6.44% from its previous closing of Rs. 4513.40 on the BSE. The scrip opened at Rs. 4350.00 and has touched a high and low of Rs. 4377.05 and Rs. 4151.40 respectively. So far 152876 shares were traded on the counter.

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