Kalyan Jewellers Extends 3-Day Rally to 36% as Citi Reiterates Buy With ₹750 Target
Kalyan Jewellers stock jumped 8.67% intraday to ₹483.10, capping a 36.12% three-session rally after Citi's bullish 'Buy' call. The bank cited franchise expansion and 112% Candere growth, adding ₹11,500 crore in market cap to ₹48,850 crore despite Q1 revenue missing estimates. India revenue rose 38%; network hit 524 stores.
Kalyan Jewellers shares rallied 36% over three sessions after Citi reiterated a 'Buy' with ₹750 target, citing franchise expansion and strong Candere momentum, despite Q1 revenue growth missing expectations. India revenue grew 38%; retail network reached 524 stores.