
Shares of Kalyan Jewellers India Ltd., the Thrissur-based jewelry maker, continued their downward spiral, falling over 3% in today’s trading session. The decline comes in the backdrop of an already bearish trend, with the stock experiencing significant losses in recent sessions.
Key Highlights:
- Recent Performance:
- The stock fell as much as 6% from the day’s high on Thursday, January 16.
- This follows an 8% drop on Wednesday, when the stock hit a 10% lower circuit.
- With today’s decline, Kalyan Jewellers has recorded losses in nine out of the last ten trading sessions.
- F&O Ban Impact:
- The stock is under the Futures & Options (F&O) ban today, restricting traders from creating new positions.
- Lackluster Recovery:
- Despite the company’s December quarter business update, investor sentiment remains subdued.
- Since January 3, the stock has posted gains in only one trading session.
Kalyan Jewellers Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Wed, Jan 15 2025
|
₹600.00
|
₹555.10
|
-6.92%
|
Tue, Jan 14 2025
|
₹581.05
|
₹596.40
|
|
Mon, Jan 13 2025
|
₹600.00
|
₹573.10
|
-8.56%
|
Fri, Jan 10 2025
|
₹660.00
|
₹626.75
|
-5.40%
|
Thu, Jan 9 2025
|
₹708.90
|
₹662.55
|
-6.21%
|
Wed, Jan 8 2025
|
₹724.45
|
₹706.40
|
-2.29%
|
Tue, Jan 7 2025
|
₹777.05
|
₹722.95
|
-2.90%
|
Mon, Jan 6 2025
|
₹781.55
|
₹744.55
|
-4.27%
|
Market Context:
While broader market indices have been rallying, Kalyan Jewellers’ continued decline signals specific challenges for the stock. The F&O ban may have further impacted trading activity, contributing to the extended losses.
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.