Stocks to buy now : Shares of this Jewellery retailing company have already surged over 60% in the last five weeks jumping from ₹381.25 to ₹606.30 on NSE. Now, Jefferies has turned bullish on it and given a buy rating to it.
Stocks to buy now : Shares of Kalyan Jewellers India Ltd (NSE:KALYANKJIL), a jewellery retailing company with a market capitalisation of more than ₹60,000 crores, have been a hot topic for the past few weeks. It has seen a significant upside momentum, gaining over 60% in the last five weeks jumping from ₹381.25 to ₹606.30. The counter closed on ₹381.25 on NSE on Monday, July 6th and has closed recently on ₹606.30 apiece level on NSE on Friday, August 7th gaining over 60% during the period.
It saw a significant rally on Friday, August 7th as well, gaining over 4% during the day’s trading session and closed at ₹606.30, indicating a gain of 1.39% from the previous closing level on NSE.
Now, foreign brokerage firm Jefferies has initiated coverage on the company and is quite bullish on it. It has given a BUY rating on its shares with a target price (Kalyan Jewellers share price target) of ₹830 apiece. This target price implies an upside of more than 35% from its previous closing price of ₹606.30 on NSE on Friday, August 7th.
Recently, company announced its Q1 FY27 results on August 4, 2026 and has shown a strong operational performance in this quarter. Consolidated revenue of the company stood at ₹10,589 crores reflecting a strong rise of 46% year-on-year from ₹7,268 crores in the same quarter of last financial year. Net profit was up 32% year-on-year surging from ₹264 crores in Q1 FY26 to ₹349 crores in this quarter. EBITDA remained at ₹632.5 crores in Q1 FY27 growing over 21% year-on-year. EBITDA margin of the company declined to 6% from 7.2% in the corresponding quarter of the previous financial year.
This strong quarterly performance was aided by several factors including Candere’s exceptional surge of over 112% year-on-year in this quarter. Candere is company’s digital-first e-commerce platform. Comapny has reported that it has 354 showrooms across India with a total global showroom count reaching to 524.
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