{"id":297463,"date":"2026-10-09T10:58:52","date_gmt":"2026-10-09T05:28:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=297463"},"modified":"2026-10-09T10:58:52","modified_gmt":"2026-10-09T05:28:52","slug":"kalyan-jewellers-share-price-09102026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/","title":{"rendered":"Kalyan Jewellers Share Price After a 55% Three-Month Run: Jefferies&#8217; 46% Upside Call, Chart Levels and Risks"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Kalyan Jewellers share price Rs 555 (+0.27%). 52-week range Rs 327.05 to Rs 648.95. P\/E 39.88. Market cap Rs 57,214 crore. Down 8.66% in a month. Data 10:23 am IST.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Kalyan Jewellers share price is Rs 555 on the NSE at 10:23 am, up 0.27%, after a rally of about 55% over three months, according to this morning&#8217;s report. Jefferies India sees a further 46% upside, building on a Buy call it first issued in August with a target of Rs 830. The stock has slipped 8.66% in the last month and trades below its 20-day average of Rs 572.82, so the rally has paused. Investors should weigh the brokerage view against a P\/E of 39.88, debt-to-equity of 0.97 and the volatility of gold-linked demand.<\/p>\n<\/p><\/div>\n<p>Kalyan Jewellers share price has become one of the more talked-about moves in consumer stocks. The shares trade at Rs 555 on the NSE, about 70% above the 52-week low of Rs 327.05 but about 14% below the high of Rs 648.95. A report this morning says Jefferies India sees a further 46% upside.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=kalyan-jewellers-share-price-09102026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>The headline numbers need context. The same stock has fallen 8.66% in the last month, so the three-month gain of 55% reported this morning is partly being given back. This note covers what Jefferies has said, where the Kalyan Jewellers share price stands on valuation and charts, and the risks.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_Has_Jefferies_Said_About_Kalyan_Jewellers\" title=\"What Has Jefferies Said About Kalyan Jewellers?\">What Has Jefferies Said About Kalyan Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Kalyan_Jewellers_Share_Price_Data\" title=\"Kalyan Jewellers Share Price Data\">Kalyan Jewellers Share Price Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Why_the_Kalyan_Jewellers_Share_Price_Has_Been_Volatile\" title=\"Why the Kalyan Jewellers Share Price Has Been Volatile\">Why the Kalyan Jewellers Share Price Has Been Volatile<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Technical_View_Chart_Levels_to_Know\" title=\"Technical View: Chart Levels to Know\">Technical View: Chart Levels to Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Is_the_Stock_Expensive\" title=\"Is the Stock Expensive?\">Is the Stock Expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Risks_to_the_Kalyan_Jewellers_Share_Price\" title=\"Risks to the Kalyan Jewellers Share Price\">Risks to the Kalyan Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_is_the_Kalyan_Jewellers_share_price_today\" title=\"What is the Kalyan Jewellers share price today?\">What is the Kalyan Jewellers share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_is_Jefferies_view_on_Kalyan_Jewellers\" title=\"What is Jefferies&#8217; view on Kalyan Jewellers?\">What is Jefferies&#8217; view on Kalyan Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_is_the_Kalyan_Jewellers_share_price_target\" title=\"What is the Kalyan Jewellers share price target?\">What is the Kalyan Jewellers share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Is_the_Kalyan_Jewellers_share_price_expensive\" title=\"Is the Kalyan Jewellers share price expensive?\">Is the Kalyan Jewellers share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Why_has_the_Kalyan_Jewellers_share_price_risen_55_in_three_months\" title=\"Why has the Kalyan Jewellers share price risen 55% in three months?\">Why has the Kalyan Jewellers share price risen 55% in three months?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_are_the_support_and_resistance_levels_for_Kalyan_Jewellers\" title=\"What are the support and resistance levels for Kalyan Jewellers?\">What are the support and resistance levels for Kalyan Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#What_are_the_risks_of_investing_in_Kalyan_Jewellers\" title=\"What are the risks of investing in Kalyan Jewellers?\">What are the risks of investing in Kalyan Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-share-price-09102026\/#Should_I_buy_Kalyan_Jewellers_shares_now\" title=\"Should I buy Kalyan Jewellers shares now?\">Should I buy Kalyan Jewellers shares now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_Has_Jefferies_Said_About_Kalyan_Jewellers\"><\/span><strong>What Has Jefferies Said About Kalyan Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jefferies initiated coverage in August with a Buy rating and a target of Rs 830, which business media at the time put at about 40% above the previous close. It called the company a differentiated growth engine that combines neighbourhood relevance with organised scale.<\/p>\n<p>The brokerage also pointed to the franchisee-led model, which supports capital efficiency and faster expansion beyond South India. It expected revenue and earnings to grow at a 21% to 23% annual rate between FY26 and FY29, and valued the stock at 38 times September 2028 estimated earnings, a discount of about 30% to Titan.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/nifty-rebound-09102026\">Nifty Rebound Above 22,400: Why the Sensex Jumped Over 600 Points as IT and Banks Led the Recovery<\/a><\/p>\n<p>This morning&#8217;s report cites a further 46% upside in the Kalyan Jewellers share price. The brokerage note carries the exact target price and risk levels, and readers should refer to it rather than rely on a summary.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Kalyan_Jewellers_Share_Price_Data\"><\/span><strong>Kalyan Jewellers Share Price Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:12px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Metric<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Company<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/kalyankjil\/kalyan-jewellers-india-ltd-share-price-today\">Kalyan Jewellers India Ltd.<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Kalyan Jewellers share price (NSE)<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 555.00 (+0.27%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Previous close<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 553.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Day range<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 550.05 to Rs 559.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">52-week low \/ high<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 327.05 \/ Rs 648.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Market capitalisation<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 57,214 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">P\/E ratio (industry P\/E)<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">39.88 (45.91)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Price to book value<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">9.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Return on equity<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">21.41%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Debt to equity<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">0.97<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Dividend yield<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">0.45%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Change over the last month<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">-8.66%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Kalyan Jewellers share price trades at a P\/E about 13% below the industry average of 45.91, and a return on equity of 21.41% supports the multiple. The price-to-book value of 9.07 shows how much the market pays for the growth story.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Why_the_Kalyan_Jewellers_Share_Price_Has_Been_Volatile\"><\/span><strong>Why the Kalyan Jewellers Share Price Has Been Volatile<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recent sessions show how sharp the swings are. On 1 October the stock fell 4.46% to Rs 528.50 and touched a low of Rs 522.50, then rose 5.36% to Rs 556.85 on 5 October. On 7 October it closed at Rs 569 on heavy volume of about 1.86 crore shares, before slipping to Rs 553.50 on Thursday.<\/p>\n<p>Such swings in the Kalyan Jewellers share price are typical for stocks tied to gold and festive demand. Jewellery retailers depend on gold prices, consumer sentiment and the strength of the festive season, all of which can change within weeks.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Technical_View_Chart_Levels_to_Know\"><\/span><strong>Technical View: Chart Levels to Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The chart is neutral to weak. The 14-day RSI is 40.27, the MACD line of -10.86 sits below its signal line of -9.37, and the SuperTrend band at Rs 585.17 is above the price, which keeps the daily trend marked as down.<\/p>\n<p>Reference levels for the Kalyan Jewellers share price are the 20-day average at Rs 572.82 and the SuperTrend band at Rs 585.17 on the upside, and the month low of Rs 522.50 and the lower SuperTrend band at Rs 502.05 on the downside. These are chart references, not a recommendation or a stop-loss.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to compare jewellery and retail stocks by P\/E, RSI and market cap<\/strong><\/a><\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Is_the_Stock_Expensive\"><\/span><strong>Is the Stock Expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It depends on the yardstick. For the Kalyan Jewellers share price, a trailing P\/E of 39.88 is high in absolute terms but below the industry&#8217;s 45.91. Jefferies uses 38 times earnings expected for September 2028, which assumes the strong growth continues.<\/p>\n<p>A higher valuation leaves less room for error. If quarterly numbers disappoint, a stock priced for 21% to 23% growth can fall faster than the market. Equally, if growth meets the brokerage&#8217;s view, the Kalyan Jewellers share price could keep pace with earnings.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Risks_to_the_Kalyan_Jewellers_Share_Price\"><\/span><strong>Risks to the Kalyan Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is gold. Sharp moves in gold prices can change buying patterns and inventory costs, and a weak festive season would hit sales.<\/p>\n<p>The second is debt. Debt to equity of 0.97 is higher than for many consumer companies, and jewellery retail needs heavy working capital to hold inventory.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/it-stocks-today-09102026\">IT Stocks Today Jump After TCS Q2 Results and US Visa Updates: Nifty IT Gains 3.4% as Infosys and Wipro Follow<\/a><\/p>\n<p>The third is momentum. The Kalyan Jewellers share price is down 8.66% in a month, below its 20-day average, and still under its SuperTrend band. Finally, a brokerage target is an opinion with assumptions, not a promise, and expectations built on a 55% rally leave little cushion.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Kalyan Jewellers share price live and get daily stock ideas.<\/em><\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Kalyan Jewellers share price of Rs 555 sits between a strong three-month rally and a weak last month. Jefferies&#8217; 46% upside view rests on franchise-led growth and a discount to Titan, but the stock is volatile, carries debt and trades under key chart levels.<\/p>\n<p>Investors tracking the Kalyan Jewellers share price can wait for a close above Rs 585.17, use a stop-loss based on their own risk limit, and consult a SEBI-registered adviser.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_is_the_Kalyan_Jewellers_share_price_today\"><\/span><strong>What is the Kalyan Jewellers share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Kalyan Jewellers share price was Rs 555 on the NSE at 10:23 am on 9 October 2026, up 0.27%. The day range was Rs 550.05 to Rs 559.95.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_is_Jefferies_view_on_Kalyan_Jewellers\"><\/span><strong>What is Jefferies&#8217; view on Kalyan Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jefferies has a Buy rating on Kalyan Jewellers. It initiated coverage in August with a target of Rs 830 and this morning&#8217;s report cites a further 46% upside, citing franchise-led growth and a discount to Titan.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_is_the_Kalyan_Jewellers_share_price_target\"><\/span><strong>What is the Kalyan Jewellers share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jefferies&#8217; target at initiation in August was Rs 830, and this morning&#8217;s report mentions about 46% upside. Targets are opinions and can change, so check the latest brokerage note.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Is_the_Kalyan_Jewellers_share_price_expensive\"><\/span><strong>Is the Kalyan Jewellers share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock trades at a P\/E of 39.88, below the industry average of 45.91, but at a price-to-book of 9.07. Whether the Kalyan Jewellers share price is expensive depends on whether 21% to 23% growth continues.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Why_has_the_Kalyan_Jewellers_share_price_risen_55_in_three_months\"><\/span><strong>Why has the Kalyan Jewellers share price risen 55% in three months?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 55% figure comes from this morning&#8217;s report and covers three months. The stock has fallen 8.66% in the last month, and gold-linked demand and festive sales make it volatile.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_are_the_support_and_resistance_levels_for_Kalyan_Jewellers\"><\/span><strong>What are the support and resistance levels for Kalyan Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reference support levels are Rs 522.50, the month low, and Rs 502.05, the lower SuperTrend band. Resistance levels are Rs 572.82, the 20-day average, and Rs 585.17, the SuperTrend band.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_Kalyan_Jewellers\"><\/span><strong>What are the risks of investing in Kalyan Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are gold price swings, a debt-to-equity ratio of 0.97, high working capital needs and a weak chart. A stock that has rallied sharply can also fall quickly if results disappoint.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Should_I_buy_Kalyan_Jewellers_shares_now\"><\/span><strong>Should I buy Kalyan Jewellers shares now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether to buy depends on your horizon and risk limit. The stock is below its SuperTrend band after a volatile month, so many investors stagger purchases, use a stop-loss and consult a SEBI-registered adviser.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Kalyan Jewellers share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Kalyan Jewellers share price was Rs 555 on the NSE at 10:23 am on 9 October 2026, up 0.27%. The day range was Rs 550.05 to Rs 559.95.\"}},{\"@type\":\"Question\",\"name\":\"What is Jefferies' view on Kalyan Jewellers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jefferies has a Buy rating on Kalyan Jewellers. It initiated coverage in August with a target of Rs 830 and this morning's report cites a further 46% upside, citing franchise-led growth and a discount to Titan.\"}},{\"@type\":\"Question\",\"name\":\"What is the Kalyan Jewellers share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jefferies' target at initiation in August was Rs 830, and this morning's report mentions about 46% upside. Targets are opinions and can change, so check the latest brokerage note.\"}},{\"@type\":\"Question\",\"name\":\"Is the Kalyan Jewellers share price expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock trades at a P\/E of 39.88, below the industry average of 45.91, but at a price-to-book of 9.07. Whether the Kalyan Jewellers share price is expensive depends on whether 21% to 23% growth continues.\"}},{\"@type\":\"Question\",\"name\":\"Why has the Kalyan Jewellers share price risen 55% in three months?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 55% figure comes from this morning's report and covers three months. The stock has fallen 8.66% in the last month, and gold-linked demand and festive sales make it volatile.\"}},{\"@type\":\"Question\",\"name\":\"What are the support and resistance levels for Kalyan Jewellers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reference support levels are Rs 522.50, the month low, and Rs 502.05, the lower SuperTrend band. Resistance levels are Rs 572.82, the 20-day average, and Rs 585.17, the SuperTrend band.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in Kalyan Jewellers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are gold price swings, a debt-to-equity ratio of 0.97, high working capital needs and a weak chart. A stock that has rallied sharply can also fall quickly if results disappoint.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy Kalyan Jewellers shares now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Whether to buy depends on your horizon and risk limit. The stock is below its SuperTrend band after a volatile month, so many investors stagger purchases, use a stop-loss and consult a SEBI-registered adviser.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jefferies sees another 46% upside in Kalyan Jewellers, but the stock is down 8.66% this month. Valuation, chart levels and risks in one place.<\/p>\n","protected":false},"author":28,"featured_media":297462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[5326,7181],"class_list":["post-297463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jewellery-stocks","tag-kalyan-jewellers"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["297462"],"rank_math_title":["Kalyan Jewellers Share Price: Jefferies' 46% Upside Call"],"rank_math_description":["Kalyan Jewellers share price is Rs 555 after a 55% three-month rally. See Jefferies' 46% upside view, valuation, chart levels and the risks before you invest."],"rank_math_focus_keyword":["Kalyan Jewellers share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/kalyan-jewellers-share-price-after-a-55-three-month-run-jefferies-46-upside-call.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=297463"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297463\/revisions"}],"predecessor-version":[{"id":297464,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297463\/revisions\/297464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/297462"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=297463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=297463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=297463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}