Kalyan Jewellers stock up 50% after Citigroup report
Kalyan Jewellers Ltd shares rose 4% on Tuesday, marking a fifth consecutive session of gains and a 50.8% increase over five sessions.
Citigroup reiterated a Buy rating on Kalyan Jewellers with a target price of Rs 750 per share, implying further upside.
The rally added nearly Rs 18,500 crore to the company's market capitalisation, which reached about Rs 55,000 crore.
Kalyan Jewellers reported consolidated revenue growth of approximately 38% in Q1 FY2027 compared to Q1 FY2026.
India operations saw revenue growth over 38% year-over-year in Q1 FY2027, driven by healthy same-store sales growth despite the Adhik Maas period.
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