Motilal Oswal has started covering jewellery stocks, noting significant advancements towards organized channels, particularly highlighting the franchise model as a growth driver.
Specifically, Motilal Oswal initiated coverage on Senco Gold with a buy rating and set a target price of Rs 1300. Additionally, the brokerage firm initiated coverage on another jewellery company with a buy rating and a target price of Rs 525. These actions reflect their positive outlook on the sector, emphasizing growth opportunities within the organized segment.
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