Gems & Jewellery Sector

The Indian stock market extended its gains on July 2, 2026, with the Nifty closing at 24,175.70 and the Sensex rising 579 points. A strong rebound in IT stocks, lower Brent crude prices, easing US-Iran tensions, a stronger rupee, and lower India VIX boosted investor confidence, while Realty, Auto, Chemicals, Cement, and Consumer Durables also ended in positive territory.

Advit Jewels debuted strongly on the NSE SME platform with a 35% listing gain over its IPO price, but later saw volatility and profit booking, though it still trades significantly above its issue price.

The Advit Jewels IPO allotment status can be checked online on the NSE and BSE portals using your PAN or application number. Here's a step-by-step guide to help investors verify whether shares have been allotted.

Indian benchmark indices ended slightly higher on June 25, 2026, supported by easing Brent crude prices, a stronger rupee, and positive RBI commentary. Auto stocks led gains with strong rallies in Mahindra & Mahindra and Maruti Suzuki, while metal, oil & gas, and IT stocks remained under pressure. Lower market volatility and improving global sentiment helped sustain investor confidence.

Advit Jewels IPO has opened for subscription with a price band of ₹130-₹138 per share. Backed by strong revenue growth, healthy margins, debt reduction plans, and a GMP of ₹64, the issue is attracting significant investor interest.

Rajesh Exports is under intense scrutiny after SEBI accused the company of inflating revenues by ₹15.15 lakh crore between FY21 and FY25. With promoter Rajesh Mehta barred from trading, a forensic audit ordered, and the stock hitting consecutive lower circuits, investors are closely watching the next developments.

Titan Company, a Tata Group flagship and India’s leading lifestyle retailer, surged to a 52-week high following impressive Q4 FY26 and full-year results. Strong growth in the jewellery business, premium watch demand, and the strategic acquisition of Damas Jewellery boosted investor confidence. With brands like Tanishq, Titan, Fastrack, Mia, Zoya, and CaratLane driving performance, the company continues to strengthen its leadership across jewellery, watches, eyewear, and fashion lifestyle categories.

After a week packed with major triggers like the Union Budget, the Indo-US trade deal, and the RBI policy, markets now turn to assessing real impact. The coming week will focus on how the trade deal affects exports, imports, currency risks, and overall market direction, along with key inflation and global data cues.

The IPO of PN Gadgil Jewellers was heavily subscribed, attracting a total subscription of 59.41 times.

In the first quarter of this fiscal, EBITDA climbed by 16.5% to ₹376.1 Crore, up from ₹322.8 Crore in the previous year.