Kalyan Jewellers shares decline 35% this month – Know More

Shares of Kalyan Jewellers Ltd. have dropped sharply by 35.85% this month, losing ₹256.40 to close at ₹458.75 on January 24, 2025. The stock is now down 43% from its recent peak of ₹795.

Key Developments

Advertisement

  1. Incorporation of UK Subsidiary:
    Kalyan Jewellers has established a new business unit in the United Kingdom under the name Kalyan Gold and Diamond Jewellery Ltd. The subsidiary will have a subscribed capital of 1,000 British Pounds. The move aligns with the company’s strategy to expand its presence in international markets, specifically the UK.
  2. Promoter Activity:
    The promoters recently pledged additional shares with financial institutions to avail loan facilities, as disclosed in exchange filings.
  3. Stock Performance:
    • The stock exited the F&O ban on Thursday, allowing fresh positions to be created.
    • It ended 4% lower on Friday, marking an 8% decline for the week, following two consecutive weeks of 20% drops.

Kalyan Jewellers Share Price history

Day Open Close Change %
Fri, Jan 24 2025
₹480.00
₹458.75
-4.06%
Thu, Jan 23 2025
₹492.65
₹478.15
-1.54%
Wed, Jan 22 2025
₹486.00
₹485.65
-0.55%
Tue, Jan 21 2025
₹538.00
₹488.35
-8.01%
Mon, Jan 20 2025
₹525.00
₹530.90
+5.86%
Fri, Jan 17 2025
₹537.00
₹501.50
-6.99%
Thu, Jan 16 2025
₹558.10
₹539.20
-2.86%
Wed, Jan 15 2025
₹600.00
₹555.10
-6.92%

Management’s Outlook

Earlier this month, Kalyan Jewellers’ management shared its vision for expanding into international markets during an interaction with CNBC-TV18. The incorporation of the UK subsidiary is a step towards achieving this goal.


Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.