Derivative market update for February 1: Data shows that FIIs hold 8 short positions in index futures for every long trade; retail, DIIs, proprietary traders hold bullish bets.
Kalyan Jewellers reported a consolidated net profit of Rs 218.82 crore as compared to Rs 180.61 crore a year ago, up 21 per cent
Kalyan Jewellers on Thursday posted a 21.23 per cent jump in consolidated net profit to Rs 218.68 crore for the third quarter of the 2024-25 fiscal on robust sales. The company had reported a net profit of Rs 180.37 crore in the year-ago. Total income increased by 40 per cent to Rs 7,318.19 crore during the December quarter of the 2024-25 fiscal, from Rs 5,243.20 crore in the year-ago period. Expenses remained higher at Rs 7024.63 crore from Rs 5,004.65 crore in the said period. Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said: We are extremely excited with the way the current year has progressed. The current quarter has started off well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note." The company is on track for the launch of 30 Kalyan showrooms and 15 Candere showrooms in India during the current quarter, he added.
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The company's promoters pledged an additional 36.15 million equity shares or 3.5 per cent of total equity of the company in favor of multiple non banking finance companies and others.
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Shares of Kalyan Jewellers India jumped 9.3 per cent at Rs 548.65 per share on the BSE in Monday's intraday trade
In an analyst call on Tuesday the company's management had dismissed concerns around corporate governance
In the previous two calendar years, the market value of Kalyan Jewellers has more than doubled with a 180 per cent surge in CY23, and 116 per cent rally in CY24
Retail investors most bullish in last 7 months, with long-short ratio in index futures at 5:2. On the other hand, FIIs hold 5 bearish bets in index futures for ever long trade; shows NSE F&O data.
Angel One, Kalyan Jewellers, Union Bank, CAMS and JSW Energy have seen open positions increase up to 53 per cent amid a fall in share price; shows NSE derivatives market data.
The Watches & Wearables domestic growth was 13 per cent Y-o-Y, with analog watches clocking a robust 19 per cent growth
Kalyan Jewellers share price: Kalyan Jewellers concluded the recent quarter with a consolidated revenue growth of approximately 39 per cent year-on-year
Derivatives market data shows FIIs net sold 78,868 contracts of Nifty futures in first 4 trading days of Jan series while OI rose 74,992 contracts; thus implying build-up of short positions in Nifty.
Jewellery retailer Kalyan Jewellers on Tuesday reported a 3.37 per cent decline in consolidated profit after tax (PAT) to Rs 130.32 crore during the September quarter. The company's PAT stood at Rs 134.87 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Revenue from operations of the company witnessed a 37.39 per cent growth during the quarter under review at Rs 6,065.48 crore compared to Rs 4,414.53 crore in the same period of the previous year. The company said there was a one-time loss of Rs 69 crore due to reduction in customs duty in India during the second quarter of FY25. "We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said.
Technical charts indicate that the 5 newly added stocks to the MSCI index are favourably placed and could soar up to 19% in forthcoming trading sessions.
Jewellery retailer Kalyan Jewellers on Monday said its revenue from India operations witnessed an on-year growth of around 39 per cent during the second quarter of 2024-25, led by robust footfalls across markets with a healthy same-store-sales-growth. "Our India operations witnessed revenue growth of approximately 39 per cent during the second quarter of FY25, compared to the same period of FY24, led by robust operating momentum on the ground across all markets with healthy same-store-sales-growth of approximately 23 per cent," Kalyan Jewellers said in a regulatory BSE. Custom duty reduction on gold imports, announced during the 2024-25 Union Budget, resulted in significantly higher levels of footfalls from the last week of July till the end of August, mostly negating the impact of 14 days of Shradh (when sales are typically more muted) and extreme volatility in gold prices, the company said. In the Middle East, the jewellery retailer witnessed revenue growth of 24 per cent compared
Shares of the jewellery retailer rose 9 per cent to end at Rs 597.5 on the BSE
Kalyan Jewellers stock surged on the BSE after the company's promoter TS Kalyanaraman plans to increase his stake
The deal will see Highdell, the Warburg affiliate, sell over 24 million shares at 535 rupees each to Trikkur Sitarama Iyer Kalyanaraman, which currently holds 60.59% in the jeweller