Kalyan Jewellers Share Price Review

Kalyan Jewellers is no doubt a big brand in the  field of Gems & Jewelry.  Today Kalyan Jewelers is India’s leading Jewelers after the Tanshiq.  So, we could say Second biggest player in the field of Jewelry.

Kalyan Jewellers IPO has came and subscribed nearly 2.4 times and listed in stock exchange on Friday i.e. on 26th March at the discount of 10% of the issue price.  Issue price was set at Rs 87.  On Friday it was trading at Rs 75.20.

Now, the questions comes whether one should invest money in Kalyan Jewellers or not.  1st thing is that Kalyan Jewellers is having big loans and advances on their head which is a negative thing.  Strong poingt is that Kalyan Jewellers is now opening its branches across India very quickly due to which its sales will increase.  Naturally more sales means more profit which is to be taken into the positive side.

Kalyan Jewellers Sales, Operating Profit, Net Profit has increased from the previous year if we compared.  Definetly it could be good bet to invest money on Klayan Jewellers.

Its a Buy call to buy Kalyan Jewellers for the Target Price of Rs 100 in a span of 4 to 6 Months.

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