Company updateMoneycontrol
ICICI Securities raises Kalyan Jewellers target to Rs 800
Positive+472 sources
GreyOak summary
ICICI Securities reiterated a Buy rating on Kalyan Jewellers India with a revised target price of Rs 800. The brokerage raised EPS estimates, citing strong Q2FY27 growth in revenue and PAT despite margin contraction due to higher recycled gold mix and open-position losses. The firm highlighted a leaner balance sheet and aggressive retail expansion as key growth drivers.
What it affects
- Kalyan Jewellers IndiaKALYANKJILPositive +47
Rolling sentiment Positive +76
Source
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