Brokerages flag Buy on Kalyan Jewellers (47% upside) and PN Gadgil (22%) on strong retail growth
Weekly Buy list features jewellery retailers Kalyan Jewellers, with a Rs 525 target implying ~47% upside on Q1FY27 sales up 38% YoY, and PN Gadgil at Rs 700 (~22% upside) after retail revenue rose 56% YoY and SSSG hit 46%.
Weekly brokerage roundup includes Buy ratings on retail jewellers Kalyan Jewellers (47% upside, Q1 sales +38%) and PN Gadgil (22% upside, retail revenue +56%, SSSG 46%), alongside pharma, fintech, telecom and IT names.
Why this matters
The Rs 525 target extends a run of bullish calls on Kalyan Jewellers, including Citi's Rs 750 Buy reiteration during a 36% three-day rally and prior Rs 495-500 upside views tied to its Q1FY27 update.
Retail-brand signals are accelerating, up +283200% QoQ.