Brokerages back Titan, Kalyan, Senco despite 15% gold import duty hike
India's gold import duty hike to 15% pressures the jewellery sector, but Antique and JM Financial retain positive ratings on Titan, Kalyan and Senco. Analysts cite better compliance, exchange-led buying (~50% for Titan) and resilient branded demand versus the FY13-14 duty cycle.
India's gold import duty hike to 15% pressures jewellery sector, but Antique and JM Financial retain positive ratings on Titan, Kalyan and Senco, citing better compliance, exchange-led buying and resilient branded demand versus FY13-14.