Here's why glitters are fading away from Kalyan Jeweller's stock
Even though Kalyan Jewellers has reported strong performance of 39% YoY growth, the share price is down almost 34% from top and here's why -
The stock has returned 400% in last years and this may be a victim of the Pump and Dump strategy as pointed out by SEBI member Anant Narayan day before yesterday.
But that may not be the only reason. Does the government have to do something with this fall? Watch the video to know.
That said, this company may still can be a good investment bet because in the long run -
1. The company has made a good mark in the Middle East as well and is fundamentally strong
2. Plans to open 170 new Candere stores - That's a robust product diversification strategy
3. PE multiple of 67 times FY 26 earning while the industry PE is 62 (value for money)
The stock has returned 400% in last years and this may be a victim of the Pump and Dump strategy as pointed out by SEBI member Anant Narayan day before yesterday.
But that may not be the only reason. Does the government have to do something with this fall? Watch the video to know.
That said, this company may still can be a good investment bet because in the long run -
1. The company has made a good mark in the Middle East as well and is fundamentally strong
2. Plans to open 170 new Candere stores - That's a robust product diversification strategy
3. PE multiple of 67 times FY 26 earning while the industry PE is 62 (value for money)
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