Precious prices jumped after investors sought shelter in safe havens after the US and Israel attacked Iran over the weekend, adding to worries for equity investors
The scrip jumped 11.7 per cent to the day's high of ₹424.70 on the National Stock Exchange (NSE)
If tariff rates on gems and jewellery are reduced to zero, it will bring major relief to India's gems and jewellery sector, which counts the US as its largest export market, said ICICI Securities.
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.