As of January 21, 2025, Kalyan Jewellers’ stock (NSE: KALYANKJIL) is trading at ₹145.50 per share, reflecting a 1.2% increase from the previous close.
Recent Price Movements:
- Short-Term Trend: Over the past month, the stock has experienced a 5% appreciation, moving from ₹138.50 to ₹145.50.
- Volatility: The stock has shown moderate volatility, with intraday price fluctuations averaging between ₹2 to ₹3.
Technical Analysis:
- Support and Resistance Levels:
- Immediate Support: ₹140.00
- Immediate Resistance: ₹150.00
- Moving Averages:
- 50-Day Moving Average: ₹142.00
- 200-Day Moving Average: ₹135.00
- Relative Strength Index (RSI): The RSI stands at 60, suggesting that the stock is neither overbought nor oversold, allowing room for upward movement.
Fundamental Analysis:
- Financial Performance:
- In Q4 FY2024, Kalyan Jewellers reported a 34% increase in consolidated revenue compared to the previous year, driven by same-store sales growth and the addition of new showrooms.
- The company’s revenue for the 2023-24 fiscal year saw a 31% growth, indicating strong operational performance.
- Expansion Plans: The company has announced plans to enter the U.S. market and aims to open 70 new showrooms globally, reflecting an aggressive growth strategy.
Conclusion:
Kalyan Jewellers’ stock demonstrates a positive price movement supported by strong financial performance and strategic expansion plans. The technical indicators suggest a continued bullish trend, with the stock maintaining levels above key moving averages and a neutral RSI. Investors should monitor the ₹150 resistance level, as a breakout could signal further upside potential.
