Kalyan Jewellers shares may rally up to Rs 700, JM Financial says as it begins coverage with buy call
JM Financial has initiated coverage on Kalyan Jewellers with a ‘buy’ rating and a target price of Rs 700 per share, citing the company’s strong store expansion strategy, improving financial metrics and favourable structural tailwinds in India’s jewellery industry. The target implies a potential upside of 19.4% from Monday’s closing price. The brokerage values Kalyan … Read more