Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days

The stock hit a new high at Rs 116.35 and has surged 111% from its record low of Rs 55.20 touched on May 11, 2022.

Shares of Kalyan Jewellers hit a new high of Rs 116.35, as the stock rallied 6 per cent on the BSE in Monday’s intra-day trade amid heavy volumes in an otherwise weak market. The stock was trading at its highest level since its debut on March 26, 2021.

In the past four trading sessions, the stock has surged 18 per cent on expectation of strong earnings. In comparison, the S&P BSE Sensex was down 0.50 per cent at 62,659 at 10:19 am. A combined 6.83 million shares changed hands on the NSE and BSE so far.

With the