Goldiam International, Kalyan Jewellers, Rajesh Exports and Others Surge on India-US Gems Trade Deal | Stock Market Today

Market Performance

Monday saw a spectacular rally in India’s gems and jewellery stocks after the announcement of an interim trade framework between India and the US. Investor sentiment surged as the framework confirmed that the US reciprocal tariffs on Indian exports of gems and diamonds would be reduced to zero.

• Goldiam International led the pack, soaring over 17% to trade at ₹428.75.
• Kalyan Jewellers India jumped more than 16%, touching ₹442.95, supported also by its strong Q3 results.
• Rajesh Exports hit the upper circuit with a 5% gain, while Tribhovandas Bhimji Zaveri shares rallied 7%.
• Titan Company climbed 3%, nearing record highs.
• Senco Gold gained over 8%, and Thangamayil Jewellery rose more than 9%.

The surge highlights strong market optimism for companies with major export exposure to the US.

India-US Trade Deal Framework

On February 6, India and the US released a framework for an interim trade agreement, confirming a major step in their ongoing trade discussions.

Key points of the agreement:

• The framework sets the stage for reciprocal and mutually beneficial trade between the two nations.
• US agreed to remove tariffs on gems, diamonds, generic pharmaceuticals, and aircraft parts, subject to the agreement’s completion.
• The deal aims to strengthen supply chains and support long-term bilateral trade relations.
• Officials described it as a historic milestone, reflecting mutual commitment to balanced trade outcomes.

Several gems and jewellery companies in India derive a large part of their revenue from the US. The tariff reduction immediately translated into positive investor sentiment and sharp stock gains.

Company Highlights

Goldiam International

• Surged 17% to ₹428.75.
• Strong US market exposure contributed to investor optimism.

Kalyan Jewellers India

• Jumped 16% to ₹442.95.
• Gains supported by robust Q3 performance.

Rajesh Exports

• Climbed 5% to hit upper circuit.
• Exports-heavy business benefited directly from tariff removal.

Tribhovandas Bhimji Zaveri

• Rose over 7%, reflecting strong market sentiment.

Titan Company

• Advanced 3%, approaching record highs.
• US trade exposure enhances its growth prospects.

Senco Gold

• Increased 8%, following overall sector momentum.

Thangamayil Jewellery

• Rallied 9%, marking one of the largest gains in the segment.

Summary

The India-US interim trade deal has clearly energized the gems and jewellery sector. Stocks like Goldiam International, Kalyan Jewellers India, and Rajesh Exports saw immediate sharp gains.

• The removal of US tariffs on gems and diamonds is a game-changer for export-driven companies.
• Investors are rewarding firms with strong US market exposure, translating into double-digit gains for several players.
• The market response shows that policy-driven catalysts can rapidly influence stock performance in export-sensitive sectors.

This development marks a significant moment for India’s gems and jewellery industry, with investor optimism reflecting the potential for increased exports and broader global trade engagement.

Source: Moneycontrol