Kalyan Jewellers India Ltd

(KALYANKJIL)

Kalyan Jewellers Hits 52-Week High Amid Growth - 16 Sep, 2024

Kalyan Jewellers shares soared to a 52-week high of Rs 749, closing at Rs 720, supported by strong Q1 results and an upgraded price target from Citi. The stock has gained 227% in one year, reflecting robust investor confidence.

Kalyan Jewellers Achieves Growth and New Price Targets - 13 Sep, 2024

Kalyan Jewellers has seen significant stock performance, with HSBC and Citi raising price targets due to strong revenue growth and expansion plans. The company reported a 27% increase in revenue for Q1 FY24, reaching a 52-week high of Rs 749 per share. Kalyan aims to open 80 new stores annually while focusing on debt reduction.

Kalyan Jewellers Target Raised Amid Strong Growth - 12 Sep, 2024

Kalyan Jewellers' stock surged after HSBC raised its price target to Rs 810, highlighting significant growth potential and ongoing capital-light expansion strategies. The stock has risen eightfold in two years, with a projected upside of 19-26%. Analysts remain optimistic about the company's future, driven by strong revenue growth and expansion plans.

Kalyan Jewellers Expands Presence with New Outlet - 10 Sep, 2024

Kalyan Jewellers has opened a new showroom in Hyderabad, marking its eighth outlet in Telangana. The launch features a range of exquisite jewellery designs and introduces the lifestyle brand Candere, catering to modern consumers with trendy, lightweight collections.

Kalyan Jewellers Expands Presence with New Showroom - 09 Sep, 2024

Kalyan Jewellers inaugurated its 8th showroom in Telangana at Charminar, featuring a range of exquisite jewellery designs. The launch included the unveiling of Candere, a lifestyle jewellery brand targeting Gen Z and modern consumers. Exciting offers and a commitment to quality assurance were announced to enhance customer experience.

Kalyan Jewellers Plans Major Debt Raise for Equity Stake - 27 Aug, 2024

Kalyan Jewellers' promoters are negotiating to raise ₹2,000-2,500 crore in high-yield debt to increase their equity stake, partly funding an acquisition from Warburg Pincus. The debt will be secured with shares, and stock price fluctuations could impact collateral requirements.

Warburg Pincus Sells Stake in Kalyan Jewellers - 23 Aug, 2024

Warburg Pincus sold a 6.45% stake in Kalyan Jewellers for Rs 3,584 crore, increasing promoter shareholding from 60.59% to 62.95%. Kalyan Jewellers' shares rose 10.71% post-transaction.

Kalyan Jewellers Shares Surge Amid Stake Acquisition - 22 Aug, 2024

Kalyan Jewellers shares rose significantly as promoter Kalyanaraman acquired a 2.36% stake from Warburg Pincus, boosting his ownership to 62.95%. The stock experienced notable gains due to large block deals and positive market sentiment.

Promoter Increases Stake in Kalyan Jewellers - 21 Aug, 2024

Promoter TS Kalyanaraman will acquire a 2.36% stake in Kalyan Jewellers from Highdell Investment for ₹1,300 crore, increasing his total stake to 23.36%. The promoter group's shareholding will rise to 62.95%. The deal reflects confidence in the company's future.