Jewellery stocks surge as PC Jeweller, TBZ gain sharply

PC Jeweller surged as much as 14.7% during intraday trading, reaching Rs 13.65 per share, while Tribhovandas Bhimji Zaveri (TBZ) climbed 10% to hit the upper circuit at Rs 519.75, signalling strong investor interest in the jewellery retail sector.

The sharp gains reflect broader optimism around jewellery stocks, a segment that has drawn renewed attention from market participants in recent sessions. Both companies are among India's established players in the organised jewellery retail space, catering to domestic consumer demand for gold and precious metal products.

The sector has historically shown resilience tied to festival seasons, wedding months, and consumer sentiment around precious metals as an investment asset. Rising gold prices globally and domestic demand cycles have periodically driven interest in jewellery retailers listed on Indian bourses.

Traders and investors are watching the performance of these stocks closely, with upper circuit limits indicating supply constraints at higher price levels. Such moves are typically monitored for momentum and underlying fundamental triggers that may support sustained investor interest in the segment.