As of January 20, 2025, Kalyan Jewellers India Ltd. (NSE: KALYANKJIL) is trading at ₹501.50 per share.
Technical Analysis:
- Moving Averages: The stock is trading below its 20-day and 50-day exponential moving averages, indicating a bearish trend.
- Relative Strength Index (RSI): The RSI is at 32.22, suggesting the stock is approaching oversold territory.
- Commodity Channel Index (CCI): The CCI stands at -159.82, indicating a potential buying opportunity as the stock may be oversold.
- Trend Indicators: The Average Directional Index (ADX) is at 32.22, reflecting a neutral trend strength.
Fundamental Analysis:
- Market Capitalization: ₹51,741.96 crores.
- Valuation Ratios:
- Price-to-Earnings (P/E) Ratio: 82.33, indicating the stock may be overvalued compared to the industry average.
- Price-to-Book (P/B) Ratio: 12.62, suggesting a high premium over the company’s book value.
- Profitability Ratios:
- Return on Equity (ROE): 12.4% over the last three years, indicating moderate efficiency in generating profits from shareholders’ equity.
- Shareholding Pattern (as of December 2024):
- Promoters: 62.85%
- Foreign Institutional Investors (FII): 16.37%
- Domestic Institutional Investors (DII): 13.58%
- Public Investors: 6.08%
Conclusion:
Kalyan Jewellers India Ltd. is currently exhibiting bearish technical indicators, with the stock trading below key moving averages and momentum oscillators suggesting potential oversold conditions. Fundamentally, the company shows moderate profitability but appears overvalued based on P/E and P/B ratios. Investors should exercise caution and consider both market conditions and company performance before making investment decisions.
