Kalyan Jewellers Rallies 50% in 5 Days on Robust 38% YoY Q1 Revenue Growth
India, July 14 -- The market is not going to ignore a 50% rally in just five trading sessions. Explosive moves like these don't usually happen because of one single event. Instead, they tend to be a sign that investors are beginning to price in something much bigger. So what caused investors to aggressively re-rate the stock in a week? Let us look at the key drivers behind the remarkable rally in Kalyan Jewellers in greater detail.
Shares of Kalyan Jewellers India Limited were trading at Rs 526.15, up by 3.04 percent from the previous close of Rs 510.65. The stock opened at an intraday high of Rs 535 and a low of Rs 507.30. The company currently commands a market capitalisation of Rs. 54,384 crore.
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