Kalyan Jewelers Share Price: The decline in shares of Kalyan Jewelers stopped today. Earlier, it had fallen by about 16 percent in three consecutive trading days. However, now on a clarification by asset manager Motilal Oswal AMC, the shares made a strong comeback today and jumped more than 9 percent in intra-day. Earlier, in 11 trading days, investors of Kalyan Jewelers had lost Rs 30 thousand crore and the shares had fallen by more than 36 percent. In these 11 days, it had weakened for 10 days and only on January 14, it had strengthened by more than 4 percent.
Talking about today, Motilal Oswal had jumped 9.43 percent to Rs 548.95 on BSE intra-day on AMC’s statement. Some investors took advantage of this boom but it is still in a very strong position. Currently, it is priced at Rs 537.50 (Kalyan Jewelers Share Price) with a jump of 7.15 percent.
What clarification did Motilal Oswal AMC give regarding Kalyan Jewellers?
Motalal Oswal AMC has given clarification regarding the rumor regarding investment in Kalyan Jewellers. The fund house rejected allegations that its money managers were bribed to invest in Kalyan Jewellers. AMC said that these allegations have been leveled against it and its officials only to tarnish its image. Let us tell you that recently this rumor was spreading rapidly on social media that the fund managers of Motalal Oswal AMC were bribed to invest in Kalyan Jewelers and the fund house took action regarding this and even fired some managers. .
Why did shares rise on January 14?
After reaching record high on January 2, shares of Kalyan Jewelers fell continuously for the next 7 trading days and during this period it slipped more than 27 percent. However, on January 14, Kalyan Jewelers clarified a rumor in the earnings audio call that there was no IT raid on it and the allegations of bribery were also false, due to which the shares closed with a jump of more than 4 percent while intra- It had jumped more than 5 percent in the day. However, the decline started from the next trading day and after falling for three consecutive trading days, it again became a rocket today.
How were the shares in one year?
Shares of Kalyan Jewelers have made huge profits for the investors. Last year on February 1, 2023, it was at Rs 322.05, which is a one-year low for its shares. From this low level, it jumped by about 147 percent in 11 months and reached a price of Rs 794.60 on January 2, 2025, which is a record high for its shares. However, the rise of shares stopped here and at present it is more than 32 percent downside from this high.
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