Jewellery stocks have been the talk of the town ever since the gold rally started this year. The list of India’s top jewellery stocks in 2024 is listed below.
1. Titan Company Ltd: A leading Indian multinational company that sells watches, jewellery, eyewear, and accessories. It is a subsidiary of the Tata Group and one of the best performing gold companies in India.
2. Kalyan Jewellers India Ltd: A longstanding family-owned jewellery retailer in India that specializes in traditional and modern jewellery made from gold, diamonds, and precious stones. It is one of the top jewellery stocks in the country.
3. Rajesh Exports Ltd: An India-based gold refiner and manufacturer that exports its products globally and operates wholesale and retail sales under the SHUBH Jewelers brand. It has a large refining capacity and diverse jewellery production capabilities.
4. Muthoot Finance Ltd: A leading non-banking financial company (NBFC) that specializes in providing gold loan products and is the largest gold financing firm in India.
5. Manappuram Finance Ltd: A diversified NBFC that provides gold loans, vehicle finance, insurance, and other financial services through its nationwide network of over 5,000 branches.
These jewellery stocks are attractive investments due to factors like India’s strong cultural connection to jewellery, the growing gems and jewellery industry, changing consumer preferences, and the potential for increased luxury spending as the economy expands.
