MOFSL recommends buying Titan, Kalyan Jewellers jewellery stocks

A big company that studies stocks, called MOFSL, made a report about jewellery shops in India.

The report says that more people are buying jewellery from big, organised stores instead of small shops.

This is good news for the big jewellery companies.

The big stores grew from 661 shops in 2019 to 2,002 shops, which is a lot of new shops.

The report says the two best companies to invest in are Titan and Kalyan Jewellers.

MOFSL says people should buy shares in these companies and even tells them what the share prices could reach.

It also says people are buying more gold coins, which might lower profits a little for now.

But in the future, selling better jewellery should help the companies earn more money.

The report also gives buy and wait advice for two other jewellery companies.