Kalyan Jewellers hits record high as stock surged 5.59% in the morning. The shares were trading at 52 wk high at ₹267.80
Kalyan Jewellers’ strategic shift towards broadening its market reach beyond the southern regions is proving to be a fruitful endeavor, evident from the robust growth witnessed in the second quarter. In addition to venturing into new territories, the jewelry conglomerate has honed its emphasis on e-commerce, a move aimed at capturing the attention of the millennial demographic. This multifaceted approach is evidently propelling Kalyan Jewellers towards a promising trajectory of success.
“Kalyan has displayed its strategy of opening stores in non-South markets could improve studded ratio, serving millennials with online format, and meeting their aspirational demand by introducing new designs,” noted the broker.
At 9:52 AM the shares of the company were trading 5.29% or at ₹264.55
