Kalyan Jewellers India Stock Price Explodes: A Deep Dive into the Surge
Understanding the Recent Surge
Shares of Kalyan Jewellers India have continued to soar, reaching an all-time high of ₹739.80 per share, showcasing a remarkable 7.3% gain. The cumulative rise over the last three days stands at 15.5%%, driven largely by a recent upgrade from HSBC Securities, which has set a new target price of ₹810 per share, indicating a potential upside of 23.5%%.
Why Kalyan Jewellers is Attracting Attention
- Target Price Upgrade: HSBC's upgrade showcases the potential for further gains.
- Sustained Growth: Kalyan Jewellers has witnessed an 800% increase over the past two years, and despite this, HSBC views it as being in the early stages of value creation.
- Multibagger Stock Performance: Positioned against competitors like Titan, Kalyan Jewellers appears poised for significant growth.
Key Drivers Behind the Bullish Sentiment
Kalyan’s ability to transform its business model through the capital-light franchise model has helped achieve a 30% CAGR revenue growth. With only 204 operational stores, analysts see substantial room for expansion, potentially quadrupling its store presence within the next decade. This positions Kalyan Jewellers as an enticing long-term investment opportunity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.