Jewellery cos lose sheen, sink up to 14% on note ban measures

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New Delhi, Jewellery stocks today took a sharp hit and closed the day with up to 14 per cent losses following the government’s move to withdraw notes of higher denominations.

Shares of Tribhovandas Bhimji Zaveri slumped 14 per cent, Thangamayil Jewellery 12.05 per cent, PC Jeweller 9.19 per cent, Shree Ganesh Jewellery House 7.64 per cent on BSE.

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