Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths
Kalyan Jewellers India is in focus.
· Business Standard Mkts
Jefferies noted that Kalyan Jewellers is among India's largest organised jewellery retailers, with over 500 showrooms globally and 7 per cent share of the organised jewellery market.
The analysis
Kalyan Jewellers India reported movement of 7% 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 -0.1% on the day at ₹552.75, and has returned +24.8% over three months. It sits 13% below its 52-week high. The consumer & retail sector has moved -3.7% over the same period, so Kalyan Jewellers India is running 28.5 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.
Market context
- The company directly in focus is KALYANKJIL.
- Sector exposure: Consumer & Retail.
- The immediate tone of coverage reads positive.
In this story
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