As of September 13, 2024, the Kalyan Jewellers share price has achieved a significant milestone, reaching a 52-week high of ₹683.15 on the NSE. Currently, the Kalyan Jewellers share price is ₹678.35 on both the NSE and BSE. This reflects a notable increase, with the stock surging over 4% recently. This surge in the Kalyan Jewellers share price is attributed to positive analyst ratings and an increased stake by the promoter.
Key Facts About Kalyan Jewellers Share Price
- Current Kalyan Jewellers Share Price: ₹678.35 (NSE & BSE)
- 52-Week High of Kalyan Jewellers Share Price: ₹683.15
- 52-Week Low of Kalyan Jewellers Share Price: ₹202.6
- P/E Ratio: 100.52
- EPS (TTM): ₹6.12
- Book Value per Share: ₹40.65
- Dividend Yield: 0.19%
Detailed Overview of Kalyan Jewellers Share Price
Kalyan Jewellers India Ltd., established in 1993, has grown into one of India’s leading jewelry retailers. The performance of the Kalyan Jewellers share price reflects the company’s market position and financial health.
Company Details Affecting the Kalyan Jewellers Share Price
- Founded: 1993 by T.S. Kalyanaraman
- Number of Showrooms: 182 in India and the Middle East (FY 2023)
- Online Shopping Platform: Candere
- Expansion Plans: Includes Singapore, USA, Sri Lanka, Malaysia, and more
Financial Performance Impact on Kalyan Jewellers Share Price
Kalyan Jewellers has demonstrated robust financial performance, which has positively impacted its share price. The company has reported a profit growth of 176% CAGR over the last five years. Additionally, its working capital requirements have decreased from 122 days to 96.0 days, further supporting the Kalyan Jewellers share price.
Key Financial Metrics Influencing the Kalyan Jewellers Share Price
- Market Cap: ₹63,403 crore
- Return on Equity (ROE): 14.26%
- Debt to Equity Ratio: 1.07
- Book Value per Share: ₹40.65
Analyst Ratings and Future Predictions for Kalyan Jewellers Share Price
Despite a significant increase in the Kalyan Jewellers share price over the past two years, analysts are still very positive about its future. Major brokerage firms have recently updated their price targets, indicating continued growth potential for the stock.
Recent Upgrades to Kalyan Jewellers Share Price Targets
- HSBC: Raised the target to ₹810 from ₹600, while maintaining a ‘buy’ rating.
- Citi: Increased its target price, further enhancing investor confidence in the Kalyan Jewellers share price.
Conclusion on Kalyan Jewellers Share Price
The Kalyan Jewellers share price has shown a strong upward trend, driven by impressive financial performance, aggressive expansion, and positive analyst ratings. With the promoter’s increased stake and future growth plans, the Kalyan Jewellers share price is expected to continue its positive trajectory.
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