Kalyan Jewellers trades near record high, up 11% on strong Q2 biz update

The company said it continues to witness robust momentum in both footfalls and revenue across all its markets in India and the Middle East.

Shares of Kalyan Jewellers surged 11 per cent to Rs 261 on the BSE in Friday’s intra-day trade on the back of heavy volumes after the company reported a consolidated revenue growth of around 27 per cent year on year (YoY) for the quarter ended September 2023.

At 01:34 PM; the stock was trading 10 per cent higher at Rs 257.85, as compared to 0.52 per cent gain in the S&P BSE Sensex. It was quoting close to its record high of Rs 261.95 touched on September 1. The average trading volumes at the counter more-than-doubled today. A combined