Stock Market
Kalyan Jewellers shares plunge 13% amid 8-day slump – is the stock in trouble?
Mumbai/IBNS: Shares of Kalyan Jewellers India Ltd. plunged 13% on Wednesday, extending losses from previous sessions, media reports said.
The stock has nosedived 22% over the last eight consecutive sessions and 18% in the past 12 months, reflecting sustained bearish sentiment among investors.
Out of 13 trading sessions in 2026, Kalyan Jewellers’ shares declined in 10 sessions, showing high volatility linked to market conditions and gold price movements.
Despite recent stock pressure, the company has continued to report solid revenue and profit growth, posting strong quarterly results with double-digit revenue increases.
Its expansion strategy remains a core focus, including growth of its showroom footprint in India, the Middle East, and through digital channels.
The Candere digital jewellery platform has also seen significant revenue growth, highlighting Kalyan Jewellers’ diversification efforts beyond physical stores.
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