Company updateFinancial Express
Jefferies sees 36% upside on Kalyan Jewellers festive surge
Positive+45
GreyOak summary
Jefferies raised its price target on Kalyan Jewellers to Rs 900, implying 36% upside, citing strong festive and wedding season momentum. The company reported 31% revenue growth and 64% profit growth in the September quarter. Management expects medium-term growth of around 25% with the December quarter starting stronger than anticipated.
What it affects
- Kalyan Jewellers IndiaKALYANKJILPositive +45
Jefferies raised targetRolling sentiment Positive +76
Source
Read the original at Financial ExpressMore Kalyan Jewellers India news
- Kalyan Jewellers Q2 profit up 62% on festive demandBusinessLine · Results ·
- Gold and silver rates decline across major citiesEconomic Times · Commodities & currency ·
- Kalyan Jewellers shares rally 8% to hit 52-week highMoneycontrol · Results ·
- ICICI Securities raises Kalyan Jewellers target to Rs 800Moneycontrol · Company update ·
- Kalyan Jewellers shares jump 15% as targets rise to Rs 900Economic Times · Stock view ·