Kalyan Jewellers trades in green on the bourses

Kalyan Jewellers India is currently trading at Rs. 64.05, up by 0.45 points or 0.71% from its previous closing of Rs. 63.60 on the BSE.

vinod rai is chairman of kalyan jewellers
vinod rai is chairman of kalyan jewellers

The scrip opened at Rs. 62.25 and has touched a high and low of Rs. 64.50 and Rs. 62.25 respectively. So far 19818 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 83.55 on 10-Nov-2021 and a 52 week low of Rs. 55.20 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 65.20 and Rs. 62.25 respectively. The current market cap of the company is Rs. 6597.49 crore.

The promoters holding in the company stood at 60.54%, while Institutions and Non-Institutions held 4.73% and 34.73% respectively.

Kalyan Jewellers is planning to strengthen its retail footprints in the non-south market by adding 10 showrooms before Diwali.

It is planning to add 10 more stores, five each company-owned and franchise model, in non-south markets, including three in Delhi/NCR, three in Uttar Pradesh, two in Maharashtra, one each in Odisha and Chhattisgarh.

For this expansion, the company has outlined a capex of around Rs 250-300 crore, which will be raised through internal accruals.

Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.

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