Rajesh Palviya, Senior Vice President, Technical and Derivatives Research at Axis Securities said that with the festival season in place, the market is expecting a good topline and bottom line growth from the jewellery stocks.

Public sector lender State Bank of India (SBI) has taken PC Jeweller to the National Company Law Tribunal (NCLT) with a plea to initiate insolvency proceedings against the city-based jewellery manufacturer and retailer claiming a default.