Gold prices touched an all-time high, trading over $3,500 an ounce in the international market and setting fresh highs in India. The rise, provoked by increasing geopolitical unrest, inflation, and economic uncertainties, has once again drawn investors toward gold as a sought-after safe-haven asset. Hence the bull run for the jewelry industry is on in full swing on Dalal Street and many of the jewelry stocks have given multibagger returns in the past few months.
For investors wanting to dip their toes in the waters, here are 5 stocks in 2025 to keep on the radar.
1. PC Jeweller (NSE: PCJEWELLER)
Once on the verge of being described as a sick stock, PC Jeweller has made a remarkable comeback. Six months back, the stock was available at ₹49, and now it is robbing 243% returns by reaching ₹167. The company is working on a turnaround plan with a new focus on e-commerce sales and cleaning up its financials. With investor sentiment returning, PC Jeweller is now a speculative high-risk high-reward bet.
2. Sky Gold (NSE: SKYGOLD)
Another option almost enveloped in secrecy, Sky Gold, is burning hot. The company has witnessed its stock price increase from ₹1,207 to ₹4,029, for a massive 234% shoot-up in value. Lightweight gold jewelry manufacturing is its mainstay, backed with good B2B operations in India and the Middle East. The growing demand for gold will keep Sky Gold on the front line.
3. Tribhovandas Bhimji Zaveri – TBZ (NSE: TBZ)
A trusted household name and TBZ stock, which has doubled from ₹104 to ₹244, yielding a 135% return. TBZ stands to benefit from branding, festive season sales, and aggressive retail expansion. Analysts opine that the stock continues to remain undervalued against peers like Titan.
Goldiam International, specializing in diamond-studded jewelry exports, has gained over 121% in just six months. Another contributor to its growth story is its foray into lab-grown diamonds-an emerging global trend. With a healthy balance sheet in place and rising margins, it remains a favorite with long-term investors.
The Kalyan Jewellers have returned 86% from ₹391 to ₹727. Aggressive marketing, celebrity endorsements, and strong presence in tier 2 and tier 3 cities have helped the company to increase its market share. Growth-wise, it looks promising, with plans to open more than 100 new showrooms in the next two years.
Bonus Pick: Senco Gold
Analysts expect Senco Gold to reach ₹600 from the current level of ₹325, making it a 85% funny stock. This emerging stock also ranks among the best possible bets, with recent IPO success and a focus on diamond jewelry.
Final Thoughts
Gold prices present an opportunity for the jewelers-they invariably increase the cost of raw materials, along with spurring evaluations of existing inventories, and, thus, sustain heightened interest from investors. With platinum metals preserving the current bloom, this is yet another golden opportunity for investors.
But still worth researching, monitored fundamentals, and tracking global cues for investments. Investing in a balanced mix of established and emerging jewellery stocks will produce optimal returns in what is viewed as a glittering rally.
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