Kalyan Jewellers India up on higher Q4 revenue

Kalyan Jewellers India

05/04/2024 05:29

** Shares of Kalyan Jewellers India  KALN.NS  up nearly 3%
at 443 rupees, before trimming some gains 
    ** KALN says Q4 consolidated revenue grew ~34% y-o-y, rev
for India operations increased ~38%     
    ** If gains hold, stock on track to rise for the fourth
straight session
    ** Four analysts tracking the stock have 'buy' rating, while
two rate it 'strong buy,' median price target is 407.50 rupees -
LSEG
    ** KALN up ~23% YTD, outperforming Nifty mid-cap index's
 .NIFMDCP100  7.7% rise  
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))