Kalyan Jewellers shares shine: 55% up in 3 months, Jefferies India sees further 46% upside; target price, stop-loss

Kalyan Jewellers India reported movement of 55% and 46%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -0.2% on the day at ₹552.10, and has returned +48.9% over three months. It sits 13% below its 52-week high. The consumer & retail sector has moved -2.9% over the same period, so Kalyan Jewellers India is running 51.8 points ahead of its peers.

For Kalyan Jewellers India, the question is how much of this is already reflected in the price and how much re-rates the consumer & retail peer set alongside it.