Kalyan Jewellers shares rally 17% in three days; here’s why
The share price of Kalyan Jewellers has surged 270% in less than a year, from its 52-week low of ₹202.60 touched on September 25, 2023.
The share price of Kalyan Jewellers has surged 270% in less than a year, from its 52-week low of ₹202.60 touched on September 25, 2023.
Post the transaction, the ‘promoter’ and ‘promoter group’ shareholding in the company will increase from 60.59% to 62.95%
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
During the trade so far, Kalyan Jewellers shares rallied as much as 12.5% to ₹128.55 level, while the market capitalisation jumped to ₹13,164 crore.
Warburg Pincus, which holds 26.36% stake in Kalyan Jewellers through its subsidiary, Highdell, looks to sell 2.5% equity stake in the company.
Vinod Rai would be the eighth non-executive director on the company's board
Kalyan Jewellers has managed to get its IPO oversubscribed, and is betting on a strategy that tailors each of its stores according to the location’s cultural values. But there are challenges ahead.
Kerala’s Kalyanaraman family has built a ₹10,500-crore jewellery empire and is looking at touching ₹25,000 crore by 2025.
Five Indian jewellery and watch-manufacturing companies are in the Top 100 Global Luxury Goods, says a report.
The birth of a boom-town: How the precious metal has transformed quiet Thrissur.