Brokerages back Titan, Kalyan despite gold duty hike to 15%
A gold import duty hike to 15% and stricter sourcing norms pressure India's jewellery sector, but Antique and JM Financial retain positive ratings on Titan, Kalyan and Senco. Their case: resilient demand, lightweight jewellery, exchange-led buying (~50% of Titan gold) and formalisation favouring branded chains.
Gold import duty hike to 15% and stricter norms pressure India's jewellery sector, but Antique and JM Financial retain positive ratings on Titan, Kalyan and Senco, citing resilient demand, lightweight jewellery, exchange-led buying and formalisation favouring branded chains.