Kalyan Jewellers Stock: One of the biggest players in the jewellery market, known for its trusted design and affordable pattern, Kalyan Jewellers stocks have given almost 93% return to its investors in the past 3 years. Soon after its IPO, the brand was faring well, but what suddenly went wrong with its shares in 2025? Let’s get into the details with an overview of the company.
Overview of Kalyan Jewellers
Founded by T.S. Kalyanaraman in the year 1993, Kalyan Jewellers has its headquarters in Thrissur, Kerala. India’s variety is its greatest asset. Every region of the country has its own distinctive jewelry, and the skills necessary to make it are rare and have been passed down through the years. The artisans who manufacture one-of-a-kind designs for people from all over India are Kalyan’s greatest asset. And they provide you with this assortment of jewelry through their different brands, which has those delicate details and the ideal finish that one won’t find anywhere else.
Rumors Affecting the Kalyan Jewellers Stocks
There were negative social media rumors circulating in the first week of 2025 about the Kalyan Jewellers stocks. The business was accused of bribery, a charge that Motilal Oswal AMC vehemently rejected. Despite being denied, these accusations had a short-term effect on investor confidence. Although 2nd January 2025 marked an all-time high for the Kalyan Jewellers stock. Things further went against the company when two of its promoters pledged their shares to several entities, and the same was conveyed to the shareholders.
Furthermore, Kalyan Jewellers was also blamed with the accusations related to the company’s inventory overvaluation. The stock price of Kalyan Jewellers saw notable swings after these incidents, which was indicative of the market’s hesitancy. Despite the decrease in the import duty of the gold from 15% to 6% in the last July budget 2024, Kalyan Jewellers stock is still in losses when every other company’s share price is rapidly increasing.
Key Takeaways
- Last Intraday High: (January 23, 2025) The stock price rose 4.4% to an intraday high of Rs 507.3.
- Moving Averages: The stock price is still below its various moving averages, suggesting possible weakness.
- Overall Decline: In spite of this increase, the stock has dropped 30.35% over the past month, while the Sensex has dropped 2.52%.
- Prediction from Analysts: The share price (average) target is Rs. 639.27 for the year 2025, with a high of Rs. 809.95 & low of Rs. 482.15.
Final Verdict
Considering the overall position of the company, overvaluation is one of the main reasons behind Kalyan Jewellers stocks sudden downfall. Rumors being the second main reason behind this downfall can’t be believed to be 100% true as nothing is concrete until now.
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