Tara Jewels is a stock which figures out today amongst the big gainers currently, up 9% at Rs.41, TBZ is up over 2%, Shree Ganesh Jewellery is up over 5%, Titan is also up over 2%, PC Jeweller is up over 3%.

As one can see, all jewellery stocks are up in the green. The reason is that their 6-week strike finally paid off. The Govt has rolled back its excise duty rule. The Govt relaxed the rules for tax on gold jewellery sales.

The new rules now say that jewellers with turnover up to Rs. 15 crore per annum will be exempt from excise duty. This is a roll back from the 1% excise duty which was imposed earlier.