Kalyan jewellers share price: After the huge decline in the last few weeks, Kalyan Jewelery shares are now seen making a comeback. The company’s shares jumped up to 15% during trading on 4 February today. With this, 3 days out of the last 4 business days, Kalyan Jewelers shared shares. Kalyan Jewelers’ shares touched their lows of Rs 420 during the trading on January 28 and since then it has been seeing a boom.
This is the biggest jump in Kalyan Jewelers’ shares during the last 19 months in a month. Earlier on January 31, the company’s shares had risen by 14 per cent just before the budget was presented. With today’s boom, Kalyan Jewelers shares have now come up about 35 per cent from their 28 January low.
The stock took just 7 business days to jump this 35 per cent. Earlier, the shares of Kalyan Jewelers saw a strong decline of about 45 per cent from its peak of Rs 795. At the end of the trading, Kalyan Jewelers shares jumped 11.75 per cent on NSE at a price of Rs 562.
Kalyan Jewellers’ shares were seen with a strong boom in Sensex and Nifty. US President Donald Trump has postponed the plan to impose tariffs on Canada and Mexico for a month. Due to this, the stock markets around the world breathed a sigh of relief today and also returned to the Indian markets.
Kalyan Jewelers today traded around 4.7 million shares, which was 59% more than its 20-day average volume (62 million shares). The company’s market cap has exceeded ₹ 58,000 crore. However, despite the rapid bounce, the stock remains far below its last year’s ₹ 795 per share all-time high.
Kalyan Jewelers gained 21 per cent to Rs 218.82 crore in the December quarter to Rs 180.61 crore in the same quarter last year. The company’s revenue rose 39.5 per cent to Rs 7,286.88 crore, which was Rs 5,223.08 crore in the same quarter last year.
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