Book partial profit on jewellery stocks: Jagannadham Thunuguntla

In a chat with ET Now, Jagannadham Thunuguntla, Equity Head, SMC Capitals, shares his views on jewellery stocks.

ET Now: What is your call on jewellery stocks?

Jagannadham Thunuguntla: It makes sense to book partial profit. This is because we have seen in the past that consumption and lifestyle stocks tend to give up the the rally very fast. Therefore, if we already enjoying the rally, it is good but book partial profit.