India's Kalyan Jewellers up on Q2 profit rise

Kalyan Jewellers India

15/11/2023 03:53

** Shares of Kalyan Jewellers India  KALN.NS  up as much as 3.2%
to 348 rupees
    **  Jewellery retailer reported 27.1% rise in Q2
consolidated net profit to 1.35 bln rupees ($16.26 million)
    ** Revenue from operations rose 27% Y/Y 
    ** All six analysts rate the stock "buy" or "strong buy";
median PT is 255 rupees - LSEG data
    ** Stock currently up 2.2%, pushing YTD gains to 172.3%

($1 = 83.0450 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))