New Delhi, Nov. 10 -- Domestic brokerage firm JM Financial remains upbeat on Kalyan Jewellers India following the company's September quarter performance, which came in higher than its estimates. The company's focus on becoming debt-free by the end of FY27, coupled with a better outlook for the remaining period of FY26, has led the brokerage to lift its target price on the stock.

It has revised its target price higher by 10.7% to Rs.775 apiece from the earlier price target of Rs.700, indicating an upside potential of 50% from the stock's latest closing price, while retaining 'buy' rating on the stock.

According to the brokerage, Kalyan Jewellers growth outlook continues to be robust, with the company witnessing 30% SSSG during the festi...