By Admin 
Kalyan jewellers shares: Kalyan Jewelers, the country’s well-known retail brand, recently released its quarterly report, which saw tremendous profits and revenue growth. The company’s net profit increased to Rs 264 crore on an annual basis, which was Rs 177.7 crore in the same quarter last year. That is, there has been an increase of 48.6 percent in profits. At the same time, the company’s revenue also increased to Rs 7,268.4 crore, while last year it was Rs 5,527.8 crore, which led to an annual increase of 31.5 percent.
What was the quarter result?
Despite these strong quarterly results, Kalyan Jewelers’ shares saw a huge decline on BSE on Friday. The stock closed at Rs 615.65 a day earlier, but it fell to Rs 534.95 at around 10:50 am on Friday morning at around 10:50 am. However, after this it saw a little recovery and it was seen trading at Rs 550 with a decline of 6.90 percent. This decline has surprised investors, because the stock usually sees a boom after better results.
What is advice?
So the question arises as to why the stock fell despite a great performance? According to experts, this decline may be the result of the “Sell on News” strategy, in which investors recover profits after good results. Apart from this, some investors may also worry about the company’s valuation or future margin growth, due to which this correction has been seen.
However, the broking firms still look optimistic about this stock. Motilal Oswal has fixed its target price of Rs 700, giving the shares of Kalyan Jewelers ‘bye’. He believes that between 2026 and 2028, the company is possible to increase revenue increase of up to 21 percent annually. At the same time, ICICI Securities has also recommended the purchase of this stock and has kept the target price of Rs 670. It is also worth noting that the Government of Singapore also has a stake in Kalyan Jewelers, which reflects the trust of international investors.
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