New Delhi, Sept. 29 -- India's organised jewellery manufacturing industry is witnessing a structural shift as retailers increasingly outsource production to specialised B2B manufacturers. According to BOBCapital Markets, this transition, along with capacity expansion, customer additions and growing demand for value-added jewellery, is creating a long-term opportunity for organised players such as Shanti Gold International and Sky Gold & Diamonds. The brokerage initiated coverage on Shanti Gold with a BUY rating and upgraded Sky Gold to BUY, citing their growth potential, manufacturing scale and increasing participation in the organised jewellery ecosystem.

BOBCapital has a target price of Rs.474 for Shanti Gold, against its market price ...