Jewellery Industry Speculation (Think twice before any investment)

In previous qtr. India gold Import

Import and Demand Highlights

Net gold imports dropped to 98.1 tonnes for the quarter.
Total gold demand fell 6% year-on-year to 131.4 tonnes.
Total demand value reached a record ₹1,98,100 crore (up 50% due to price spikes).
Jewellery demand decreased by 15% to 75.1 tonnes. 

Majority Company provide sales growth on revenue

Lab Diamond price fall Aproxx. 30%
Labor cost rose to 30 to 40% in last 1 year per gram
Real Diamond demand at 7 years low
Demand falls After Pm speech approx. 18%
• Majority company EPS fall from previous Qtr.
  
• War Uncertainty as well as K shape economic recovery shows less demand in Jewellery Sector from middle class.
• gold price volatility reduces margin of Company business, as any business never survive with price volatility in raw material cost.
  
  

Anticipation of Festival season demand gave up move in stock price.

Titan will going to declare result today so didn't marked