Kalyan jewellers stock price: For the shareholders of Kalyan Jewelers, 31 January proved to be great before the budget. In Intrade, the stock saw a rise of up to 13 percent on BSE and the price went up to Rs 496.80. The company’s good results of the company’s December 2024 quarter increased the purchase in the stock. On January 30, the company had told the stock markets that the consolidated net profit of Kalyan Jewelers in the October-December 2024 quarter increased by 21.23 percent to Rs 218.68 crore on an annual basis. The profit was Rs 180.37 crore a year ago.
The total income of Kalyan Jewelers during the December 2024 quarter increased by 40 percent to Rs 7,318.19 crore as compared to a year ago. It was Rs 5,243.20 crore in the December 2023 quarter. Meanwhile, the expenditure increased from Rs 5,004.65 crore to Rs 7,024.63 crore in a year ago.
Plan to open more showrooms in the country
Kalyan Jewelers India Executive Director Ramesh Kalyanarman said that the company is moving towards starting 30 welfare showrooms and 15 candle showrooms in India during the current quarter. It also said that we are very excited by the way the current year has moved forward. Despite the fluctuations in gold prices, the January-March quarter has started well. We are excited about the ongoing wedding season and it is expected that the fiscal year’s closing will be strengthened.
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Share came down 37 percent in January
According to BSE, the market cap of Kalyan Jewelers has increased to Rs 50400 crore. Recently the stock has overcome heavy correction. The price is 37 percent in January alone. The stock has broken 25 percent in 3 months. At the same time, 39 percent has been strengthened in a year. The promoters had 62.85 percent stake in Kalyan Jewelers till the end of December 2024.
On January 2 this year, Kalyan Jewelers shares created a new 52 -week new high level of Rs 794.60. The upper circuit on BSE for the stock is set to Rs 506.30. The lower circuit is at Rs 418.30.