As of today, Kalyan Jewellers‘ stock is showing strong performance. The share price has surged by 8.6% to an all-time high of ₹749 on the BSE. The stock opened at ₹699.30, marking a 1.4% increase from its previous close of ₹689.50.
Recent Trends and Analysis
Kalyan Jewellers has been on a steady upward trajectory, with a remarkable 270% increase from its 52-week low of ₹202.60 in September 2023. Year-to-date, the stock has gained 106%, with a 34% rise in the last month.
What’s Driving the Growth?
- Strategic Expansion: Kalyan has been expanding its operations both domestically and internationally, with plans to open 80 new stores annually through its franchise model.
- Strong Financials: The company has focused on debt reduction and capital-light expansion, with a target to cut total debt by ₹700 crore by FY25.
This bullish sentiment is further supported by analysts, with firms like HSBC estimating significant potential for further growth
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