Bengaluru, July 7 -- engaged in the retailing of gold, diamond, platinum, silver, and gemstone jewellery through an extensive network of physical showrooms and its digital jewellery platform, Candere, across India and international markets, crashed 8.62 percent in today's intraday trade. In this article, we will explore the reasons for the stock's fall.

With a market capitalization of Rs. 37,034.06 crores, the share of Kalyan Jewellers India Limited has reached an intraday low of Rs. 348.35 per equity share, down nearly 8.62 percent from its previous day's close price of Rs. 381.20. Since then, the stock has retreated and is currently trading at Rs. 358.40 per equity share.

Reason Behind the Crash

Kalyan Jewellers India Limited's share...