stock rating

Kalyan Jewellers shares may rally up to Rs 700, JM Financial says as it begins coverage with buy call

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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

DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?

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DMart shares tumble 5% despite 15% YoY jump in revenue. Should you invest?

Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more