Analysts at HSBC Global Investment Research have picked Titan Company and Kalyan Jewellers as their preferred stocks among India’s listed jewellery companies, citing growth opportunities in the sector, particularly in daily-wear jewellery and B2B manufacturing.
In a report titled India Jewellery: Finding the gold in the gold rush, analysts Nihal Mahesh Jham, Pratik Gothi and Nupur Vyas said the shift towards daily-wear jewellery could benefit the concentrated industry structure. They noted that CaratLane, part of Titan, is the largest player in the daily-wear segment, followed by BlueStone.
