Buy Kalyan Jewellers India, target price Rs 570: Motilal Oswal
Kalyan Jewellers India Ltd. with a target price of Rs 570. The current market price of Kalyan Jewellers India Ltd. is Rs 501.75.
Kalyan Jewellers India Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 51571.89 Crore) operating in Gems and Jewellery sector.
Kalyan Jewellers India Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4563.73 Crore, down -12.96 % from last quarter Total Income of Rs 5243.21 Crore and up 34.37 % from last year same quarter Total Income of Rs 3396.43 Crore. Company reported net profit after tax of Rs 137.49 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.59 per cent stake in the company as of 30-Jun-2024, while FIIs owned 21.18 per cent, DIIs 11.75 per cent.
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