Kalyan Jewellers Share Price: Shares of Kalyan Jewellers India Limited suffered a sharp sell-off on Tuesday, plunging more than 13% to ₹391.95 on the National Stock Exchange of India, marking one of the steepest single-day falls for the jewellery retailer in recent months. The decline came amid unusually high volumes, with over 21 million shares changing hands—far above the stock’s daily average—signalling aggressive institutional and trader-led selling.
The session began on a weak note at ₹452, close to the previous close of ₹451.45, but sentiment deteriorated rapidly as the stock slid to an intraday low of ₹389.10. The fall extended an ongoing losing streak to nine consecutive sessions, taking the cumulative erosion to nearly 18% so far this year. This sustained pressure has left the stock significantly underperforming both the benchmark BSE Sensex and the broader gems and jewellery pack.
Kalyan Jewellers Share Price
| Metric | Details |
|---|---|
| Current Price | ₹391.95 |
| Day’s Change | -13.18% |
| Opening Price | ₹452.00 |
| Intraday Low | ₹389.10 |
| Previous Close | ₹451.45 |
| Market Capitalisation | ~₹404 billion |
| Volume Traded | 21+ million shares |
From a technical perspective, the stock is flashing cautionary signals. It is now trading well below its key moving averages, including the 50-day and 200-day levels, indicating a firmly bearish trend. Analysts note that repeated failures to hold support zones have triggered stop-loss selling, adding momentum to the decline.
Ownership data has also weighed on sentiment. Recent disclosures show mutual fund exposure trimming, with Motilal Oswal Asset Management reportedly reducing its stake from around 9% to nearly 6.3%. While promoter holdings have inched up in parallel, rising pledge levels have kept investors cautious.
Looking ahead, market participants expect near-term volatility to persist as the stock searches for a stable base. While long-term fundamentals tied to festive demand and store expansion remain intact, traders are likely to stay defensive until price action shows clearer signs of reversal and broader market conditions improve.
Article Sources
https://www.cnbctv18.com/market/kalyan-jewellers-share-price-fall-mf-stake-retail-promoters-warburg-losses-19825242.htm
https://www.angelone.in/stocks/kalyan-jewellers-india-ltd
Yogesh Kolhe is a market and business news author with a focus on the automobile sector and gold and silver price movements, offering readers practical insights into industry and market trends.
