Kalyan Jewelers Share: Kalyan Jewelers share gained a strong 12% after Q1 business update. Brokerage firms have given a big target while maintaining the buy rating.
Kalyan Jewelers Share Price: If you haven’t been keeping an eye on Kalyan Jewelers stock in recent times, you may have missed a big move. Today on Thursday, the company’s shares jumped by about 12% during trading. The special thing is that this was the second consecutive day when the stock witnessed a strong rise. The biggest reason for this rise was the company’s Q1 business update. After this, Global Brokerage Citi also maintained its ‘Buy’ stance on the stock and reiterated the target price of Rs 750. In such a situation, the biggest question in the minds of investors is that why did this stock suddenly rise so much and does it still have any strength left?
Kalyan Jewelers Share Price Today: Why did the share suddenly rise by 12%?
The company’s first quarter business updates boosted market confidence. This was the reason why buying in shares intensified for the second consecutive trading day. Strong business growth and further expansion plans strengthened investor confidence, which was directly reflected in the share price.
Reasons for rise in Kalyan Jewelers share
Q1 Business Update boosted investor confidence
The company’s India business recorded revenue growth of 38% year-on-year during the April to June quarter. Although it was slightly less than expected, the pace of business still remained strong. Better sales of old stores and opening of new showrooms contributed significantly to this growth. The company opened 12 new Kalyan Jewelers showrooms in the quarter, further strengthening its retail network.
Big benefit of old gold exchange scheme
The company said that customers showed great interest in buying new jewelery in exchange for old gold. The old gold exchange accounted for more than 46% of the total sales during the quarter, while in the month of June this figure reached more than 55%. It is clear that customer demand still remains strong.
Got good support from foreign business also
Not only India, the company’s international business also remained strong. The company’s overseas income registered an increase of 35%. At the same time, there was a growth of 30% in Middle East business also. Although the number of customers in some markets was affected due to regional tensions during April, it did not have a major impact on the overall business.
Candere brand performed brilliantly
The company’s jewelery brand Candere, which focuses on online and young customers, also appeared to be performing well. The income of this brand registered an increase of 112% compared to a year ago. That means its sales increased more than double in a year. This was the reason why the company also saw a good increase in its total income.
How many stores does the company have now?
The company is also continuously progressing in terms of expansion. 12 new Kalyan Jewelers showrooms and 5 new Candere stores were opened during the June quarter. After this the total retail network of the company increased to 524 stores. These also include stores in India, Middle East, America and Britain. The company believes that this expansion will further strengthen its growth in the coming times.
Who set the target of Kalyan Jewelers share at Rs 750 and why?
Brokerage firm Citi believes that the company can show good growth in the coming times also. With this confidence, he has reiterated the target price of Rs 750 while maintaining his Buy rating on the stock. The brokerage says that the company’s expansion, strong brand and franchise model can support the business in future also. Citi believes that the company’s franchise model can provide huge benefits in the coming years. With this, new stores can be opened at lower cost, capital will be better utilized and the debt of the company can also be kept under control. This is the reason why the brokerage has a positive view on this stock even in the long run.
Is there any risk in this share?
The brokerage said that this time the company’s domestic growth was a little weaker than Titan for the first time in a long time. Apart from this, if customer demand decreases, promoter share pledge situation increases or the company deviates from its current expansion model, it may impact the stock.
Trading volume also drew attention to Kalyan Jewelers share
Record level buying was seen in this stock on Wednesday. About 5.3 crore shares were traded, which was several times more than the average trading of the last 20 days. This was the reason why it remained among the most traded stocks of Nifty 500. High trading volume is often considered a sign of increased investor interest.
Is the stock still alive?
The stock has been in a downtrend so far in 2026 and is trading about 33% below its 52-week high. Despite this, market experts remain quite positive about this stock. Currently, all 8 brokerages covering the company are advising ‘Buy’. According to their average target, a possible increase of up to 85% from the current level is being expected.
Disclaimer: The information given in this article is for informational purposes only and should not be taken as investment advice. Investing in the stock market is subject to risks. Before investing money in any stock, definitely consult your financial advisor or market expert.