Jewellery stocks jump after removal of PAN for purchases
Gems and jewellery stocks jumped on Monday after the government removed dealers from the purview of the reporting requirement under the Prevention of Money Laundering Act (PMLA). PC Jeweller rose 6.4%, Titan Company rose 4.7% and TARA Jewels was trading 9% higher during intraday trade on Monday. PAN and Aadhaar details will not be mandatory for jewellery purchases above â¹50,000.