Indian jeweller TBZ jumps on Q1 profit rise

Tribhovandas Bhimji Zaveri

06/08/2024 06:21

** Shares of Tribhovandas Bhimji Zaveri  TBZL.NS  rise
10.3% to 149.61 rupees
    ** Co posted a 50% rise in Q1 profit on Monday, helped by
higher demand for its gold jewellery despite soaring prices
    ** Rivals Kalyan Jewellers India  KALN.NS  and Titan
 TITN.NS  flat
    ** Trading vols 1.2x 30-day avg
    ** TBZL has risen more than 17% YTD, compared to 54% jump in
KALN and 8% loss in TITN

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com))