New Delhi, Oct. 16 -- Jewellery stocks are entering the festive season with a mixed scorecard, as stronger-than-expected September-quarter business updates have supported sentiment towards select companies. Investors now await September quarter results for the jewellery stocks.

Investors are weighing the sustainability of recent rallies against elevated gold prices, inflationary pressures and uncertainty over interest rates amid the West Asia crisis. Festive demand, premiumisation and gains in the organised jewellery market have supported business momentum, although the shift in the festive calendar has affected quarterly comparisons.

Over the past three months, Sky Gold and Diamonds shares have surged 56%, while PC Jeweller has gained ...