BOB Capital backs Shanti Gold and upgrades Sky Gold
In short
BOBCapital started a BUY call on Shanti Gold and upgraded Sky Gold. The note said India’s jewellery makers are benefiting as retailers outsource more work to B2B manufacturers, and it gave target prices of ₹474 for Shanti Gold and ₹1,068 for Sky Gold.
This matters for the two stocks and the jewellery manufacturing space. The report does not say when the targets should be reached or what risks could change the view.
What the reporting says
BOB Capital initiated a BUY rating on Shanti Gold and upgraded Sky Gold as India’s jewellery manufacturing industry shifts toward B2B outsourcing, according to the publisher-supplied summary. The report said Shanti Gold has a target price of ₹474 and Sky Gold a target of ₹1,068. The immediate implication is a more constructive broker view on both stocks, while the timeframe and detailed valuation assumptions were not stated.
Why it matters
BOB Capital initiated a BUY rating on Shanti Gold and upgraded Sky Gold, citing a shift in India’s jewellery manufacturing industry toward B2B outsourcing. The broker set target prices of ₹474 for Shanti Gold and ₹1,068 for Sky Gold. That is supportive for both shares, but the available reporting does not state the valuation basis, forecast period, or any downside risks.