{"id":105011,"date":"2023-07-07T14:10:00","date_gmt":"2023-07-07T08:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105011"},"modified":"2023-07-07T14:54:24","modified_gmt":"2023-07-07T09:24:24","slug":"multibagger-jewellery-stock-zooms-7-and-hits-52-week-high-on-robust-business-updates","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-jewellery-stock-zooms-7-and-hits-52-week-high-on-robust-business-updates\/","title":{"rendered":"Multibagger Jewellery stock zooms 7% and hits 52-week high\u00a0on robust business updates"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2518819327\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap stock were on the rise after it recently announced some key business updates. The stock has gained over 15 percent within a period of just one week.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3144814386\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of Kalyan Jewellers India Limited are currently trading at Rs 163. The scrip witnessed an intra-day high of Rs 166.50, which was also marked as the new 52-week high price, indicating a gain of around 8 percent compared to the previous closing price of Rs 153.85. It has a market capitalization of Rs 16,700 crores.&nbsp;<\/p><p>Keeping a purview of one year, the stock has delivered multibagger returns of 158 percent. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.58 Lakhs within a period of one year.&nbsp;<\/p><p>The surge in stock prices are observed after the company, in a filing with the Bombay Stock Exchange (BSE), provided key business updates for the first quarter of FY23-24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2541144992\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Comparing Q1FY23-24 with Q1FY22-23, the company has seen a growth of 31 percent in its consolidated revenues. Focusing on India operations, the company witnessed a growth of 34 percent. In addition to the above, the company added 12 new showrooms with expectations to launch 20 more showrooms.&nbsp;<\/p><p>The company has been successful in reporting healthy sales numbers with the recent movement being from Rs 10,817 crores during FY21-22 to Rs 14,071 crores in FY22-23. After a few ups and downs in the net profit numbers, the same has remained stable and in an increasing trend moving from Rs 224 crores during FY21-22 to Rs 431 crores in FY22-23.&nbsp;<\/p><p>The latest shareholding data exhibits the Promoters holding a 60.55 percent stake, and Foreign Institutional Investors (FIIs) holding a huge stake of 27.09 percent in the company.&nbsp;<\/p><p>Kalyan Jewellers India Limited is a company having operations in the \u2018Jewellery\u2019 segment and the same is the company\u2019s sole business. The basic activities of the company include the design, manufacture, and sale of gold and other jewellery products.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2386121802\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap stock were on the rise after it recently announced some key business updates. The stock has gained over 15 percent within a period of just one week.&nbsp; The shares of Kalyan Jewellers India Limited are currently trading at Rs 163. The scrip witnessed an intra-day high of Rs 166.50, which was [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Jewellery stock zooms 7% and hits 52-week high\u00a0on robust business updates - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap stock were on the rise after it recently announced some key business updates. 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