Kalyan Jewellers’ share price zoomed 10% to hit the upper price band on Monday, February 9, after its third-quarter results turned out to be better-than-expected.
The jewellery stock rose to ₹417.75 on the BSE as against its last closing price of ₹379.80 amid solid buying action visible in the counter. As of 9.50 am, the number of shares traded on BSE was more than twice the two-week average.
With today’s rise, Kalyan Jewellers share price cut its year-to-date losses to 14%. The stock had lost 36% last year, its biggest annual drop since listing.
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