Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
Small and mid-cap stocks (SMIDs) extended their slide on Monday as Budget 2026's proposal to double STT on F&O trades triggered liquidity concerns.
Earlier, between January 2 and January 13, 2025, the stock price of Kalyan Jewellers had tanked 27 per cent.
Aakash Shah, Technical Research Analyst at Choice Equity Broking believes that the bias for Kalyan Jewellers stock is likely to remain bearish as long as the stock trades below ₹440 - ₹450 zone.
Share price of Kalyan Jewellers India tanked 14 per cent to hit a 52-week low of ₹390 amid heavy volumes.
Kalyan Jewellers in the recently concluded quarter (December quarter) posted a consolidated revenue growth of approximately 42 per cent, as compared to a year ago.
Jewellery demand is anticipated to see an uptick in H2FY26, given the higher number of weddings, up by 7-8 per cent
The recent slide, following Friday's RBI-driven rally, has weakened the short-term sentiment, and we now view 25,650 as the next critical support
Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.
With gold prices correcting from its high and festive pickup in sales, ICICI Securities expects Titan's EBIDTA margins to sequentially improve in Q3 with better margins in its core jewellery business.
Shares of gold-loan providers Muthoot Finance and Manappuram Finance trade at key supports on the charts; face over 11% downside risk. Also check outlook on Titan and other jewellery-related stocks.
Analysts at ICICI Securities believe Kalyan is well-positioned to outperform peers, backed by aggressive store expansion through its asset-light FOCO model
Technical charts suggest that shares of gold loan firms, which have surged over 50% so far in 2025, could rally another 17% from here; while a likely mixed outlook for jewellery makers and sellers.
Broader markets witnessed a steeper decline. The Nifty Midcap 100 was trading 0.86 per cent lower, quoting 56,449 levels. Nifty Smallcap, meanwhile, was trading at 17,594, down by 0.56 per cent.
Kalyan Jewellers shares saw the steepest fall since January 2025, even after the company reported a 48.73 per cent growth in its Q1 net profit
Jewellery retailer Kalyan Jewellers on Thursday reported a 48.73 per cent growth in consolidated profit after tax (PAT) to Rs 264.08 crore during the quarter ended June 30. The company's PAT stood at Rs 177.55 crore in the corresponding period of the previous fiscal year, the Thrissur-headquartered jeweller said in a regulatory filing. Its revenue from operations increased 31.48 per cent during the quarter under review to Rs 7,268.47 crore compared to Rs 5,527.81 crore a year ago. "We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said. Shares of the company on Thursday closed at Rs 590.75 apiece, up 0.30 per cent on BSE.