National News
Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, reaffirmed its commitment to empowering young women through education by awarding scholarships worth ₹29,00,000 to over 350 deserving girl students across 30+ schools.
The scholarship distribution ceremony was held at Zaverben Popatlal Sabhagruha Auditorium, Ghatkopar, Mumbai, where financial aid was provided to ensure these students can pursue their academic aspirations without constraints. This initiative reflects Malabar Group’s dedication to fostering education and enabling young women to build a brighter future.
The event was graced by the presence of Shri Sanjay Mukund Kelkar, Member of the Maharashtra Assembly, as the chief guest. His participation underscored the importance of collective efforts in promoting women’s education, further strengthening their role in society and helping them achieve a position of dignity and respect.
Speaking in regards to the initiative, MP Ahammed, Chairman, Malabar Group, said, “Providing Education to young girls is the most effective ways of ensuring positive change as education lays the foundation of a progressive nation, and equipping young women with the means and knowledge for betterment is one of the most impactful ways of ensuring a brighter future. These scholarships are not just supposed to be an economic aid to the students; but they are also investments in the future of our society, ensuring that no young girl has to compromise on reaching the pinnacle of her potential, due to financial misfortune”
Since its establishment in 1999, the Malabar Charitable Trust has been at the forefront of numerous social welfare initiatives. Malabar Group dedicates 5% of its annual profits to CSR activities, focusing on education, healthcare, environmental sustainability, and poverty alleviation.
The Malabar Scholarship program, a flagship initiative under the Group’s CSR framework, continues to bridge educational gaps for marginalized communities. By fostering academic opportunities for young girls, Malabar Group aims to create a ripple effect of progress that extends beyond individuals to families and entire communities.
The group’s overarching narrative to support education and skill development across India is further highlighted by this Scholarship distribution event in Mumbai. Malabar Group’s broader mission to support sustained initiatives has seen the Group remain committed to empowering future generations and fostering an inclusive, educated society for all.
National News
PNG Jewellers stock touches 52-week high of Rs 727.80 amid strong market momentum, strong festive demand
Driven by robust investor confidence, strong festive demand, and the continued rise of India’s organized jewellery retail sector, PNG Jewellers stock surge to 52-week high
Driven by robust investor confidence, strong festive demand, and the continued rise of India’s organized jewellery retail sector, P N Gadgil Jewellers Ltd (PNGJL) stock hit a new 52-week high of Rs. 727.80 on the NSE today (May 7, 2026). The stock was trading strongly, with an intraday high of Rs. 727.80, showcasing significant upward momentum. The price was Rs 711.35 at close of trading.
The rally reflects growing investor confidence in India’s organized jewellery retail industry, particularly branded chains demonstrating strong expansion, rising revenues, and resilient consumer demand despite elevated gold prices.
The breakout above the earlier resistance level is being viewed positively by both market participants and technical analysts, indicating sustained bullish momentum in the stock.
Industry experts believe several key factors are contributing to the sharp upward movement in PNG Jewellers’ shares:
- Expansion of retail showroom network
- Growing trust in organized jewellery brands
- Strong quarterly business updates
- Increased investor interest in consumer retail stocks
- Strong festive and wedding season demand
The branded jewellery segment continues to benefit from evolving consumer preferences, with buyers increasingly shifting toward transparency, certified products, and trusted legacy brands.
The rally in PNG Jewellers also underlines the broader strength of India’s organized jewellery market. Leading brands across the country are witnessing strong footfalls, higher ticket sizes, and consistent growth across bridal, festive, and daily wear categories.
With gold continuing to remain both an emotional asset and a preferred investment avenue for Indian consumers, jewellery retailers are maintaining strong business momentum even amid periods of elevated bullion prices.
Analysts now expect investors to closely monitor whether PNG Jewellers sustains above the crucial Rs. 700 breakout zone in the coming trading sessions. Continued earnings growth, retail expansion, and stronger visibility on future performance could further strengthen market confidence.
The stock’s fresh 52-week high marks another important moment for India’s jewellery retail industry, reinforcing the sector’s strong growth trajectory across both consumer demand and capital markets.
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