The company's recent surge reflects robust financial performance, including a sharp expansion in second-quarter profitability and revenue. Motilal Oswal maintained a positive stance following these results, citing steady demand and a 20% same-store sales growth rate in India. Operating margins during the period were partially aided by a one-time customs duty gain of ₹520 million, which offset an ₹83 million inventory loss in silver and platinum.
Key points
Motilal Oswal Financial Services reaffirmed a Buy recommendation on the stock with a targ…: Motilal Oswal Financial Services reaffirmed a Buy recommendation on the stock with a target price of ₹700.
Technical analyst Mayank Jain noted the stock cleared key moving averages with potential…: Technical analyst Mayank Jain noted the stock cleared key moving averages with potential upside targets between ₹750 and ₹790.
Investors are advised to watch for potential signs of price exhaustion or consolidation f…: Investors are advised to watch for potential signs of price exhaustion or consolidation following nine consecutive sessions of gains.
Sources checked by our analysis pipeline: 1
Kalyan Jewellers India shares extended their winning streak for the ninth consecutive session on Thursday, November 12, rising as much as 6% to hit a fresh 52-week high after the jewellery retailer reported a strong earnings performance for the quarter ended September 2026. The stock touched an intraday high of ₹702.30, taking its rally to around 115% from its 52-week low of ₹327.15, recorded in June 2026.
The jewellery stock has surged 41% over the past nine trading sessions, while it has gained 24% in one week and 22% over the past month. The stock has advanced 16% in three months and 92% in six months. Over the past year, it has added 36%. Its long-term performance has also been impressive, with Kalyan Jewellers delivering multibagger returns of 796% over five years.
The latest rally followed a strong set of September quarter results, with the company's consolidated net profit rising 64% year-on-year, supported by robust revenue growth and healthy demand.
Kalyan Jewellers reported a 64% year-on-year increase in consolidated net profit to ₹427 crore in Q2 FY27, compared with ₹260.51…
Strong operational momentum across domestic consumer healthcare and export markets has driven unprecedented earnings growth for the manufacturer. In response to the robust performance, management aggressively increased its full-year revenue and profit targets. Continued expansion into major retail networks is positioning the business for sustained multi-year top-line acceleration.
Investors are monitoring market movements as shares face downward pressure during the current session. The sudden dip highlights ongoing fluctuations in the technology sector as trading progresses. Analysts continue to watch trading volumes to assess the broader impact on the company's valuation.
Market participants observed significant upward momentum in the company's valuation during today's trading session. The notable surge propelled the asset into unprecedented territory despite broader economic variables. Investors continue monitoring the environment to gauge how long these elevated price levels can be sustained.