Why Kalyan Jewellers share is falling today! Find out why the shares of this multinational jewellery brand is declining despite solid consolidated net revenues in this article. Also, look at its market position and current share price.
About Kalyan Jewellers
Having been in business for more than a century, beginning as early as 1908, they are among the oldest families in India. Founded with the admirable goal of establishing a nation and ensuring self-sufficiency in an India before independence, the founders felt that the group should be built on moral, truthful, and open business methods.
Possible Reasons Why Kalyan Jewellers Share is Falling Today!
Not only investors, but even the market experts are skeptical about why Kalyan Jewellers share is falling today. A list of all possible reasons is jotted down below in order to understand the actual factors that have changed the game for investors.
Reason 1: Gold Price News
Due to the sudden spike in the price of gold on 10th January 2025, people are alerted amid the haven flows. It’s the fourth consecutive day in the week that the prices have spiked, and due to this reason, there is an impact on businesses like Kalyan Jewellers shares.
Reason 2: Gold Price Volatility
Variations in the price of gold often affect the demand for gold jewelry by consumers, which has an effect on the overall profitability and demand for jewelers such as Kalyan Jewellers.
Reason 3: Growing Interest Rates
As interest rates rise, both consumers and businesses find it more expensive to borrow money, which usually lowers the demand for upscale goods. Moreover, economic downturns are common, and consumer spending generally declines as a result of a possible economic downturn, which affects luxuries like jewelry.
Reason 4: Rivalry From its Competitors
The jewelry business is cutthroat, and Kalyan Jewellers’ profitability as well as market share may be impacted by heightened rivalry from both long-standing firms and recent arrivals. The stock of the company reflects weak counter sentiments. Therefore, there are chances of a sell-off in the stock that have resulted from unfavorable reports from its competitors.
Uncovering the Current Position & Kalyan Jewellers Share News
Now that we are well aware of why Kalyan Jewellers share is falling today, it is equally important to discuss its financials. The stock of Kalyan Jewellers has increased 431 percent in the last two years and 74.31 percent in the previous year. Technically speaking, Kalyan Jeweller’s stock is neither in the overbought nor oversold zone, as shown by its relative strength index (RSI), which is currently at 41.4. The stock shows extremely little volatility over the course of a year. The current market price of the Kalyan Jewellers shares is 662.55. This reflects a 6.21% decline from yesterday’s closing.
Final Verdict
Since educating and informing customers is the first step in combating business malpractices, Kalyan has always held this view. Over the years, they have run a number of ads to inform consumers about purity, cost, and other factors as part of this philosophy. Because of Kalyan’s efforts, the industry has made significant progress and is now more open to the needs of its customers.
No matter how much the share declines, it has proved its promising nature several times in the past. If you are still curious about why Kalyan Jewellers share is falling today, you should definitely look at the company’s website, which contains its previous year’s financial report.
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