Shares of Kalyan Jewellers India rose more than 5% after global brokerage Jefferies initiated coverage with a 'Buy' rating. The brokerage set a target price of ₹830, indicating significant upside. Jefferies highlighted the company's strong brand presence, organised retail model and franchise-led strategy, which could help Kalyan Jewellers gain market share.
Business
Kalyan Jewellers Eyes ₹830 As Stock Gains 5%
