Kalyan Jewellers up 12% on heavy vol; tops issue price for the first time

With the industry's formalisation and mandatory hallmarking by the Government, the company said that they are well-poised to capitalise on emerging opportunities and demands in the coming years.

Shares of Kalyan Jewellers India hit a record high of Rs 93.60 on the BSE, as the stock rallied 12 per cent in Wednesday’s intra-day trade, amid heavy volumes. The stock surpassed its previous high of Rs 85.70 that it had touched on September 2, 2022. That apart, the stock also traded for the first time above its issue price of Rs 87 per share. The company had made a stock market debut on March 26, 2021.

At 02:27 pm; Kalyan Jewellers traded 9 per cent higher at Rs 91.10, as compared to 0.09 per cent rise in the