The Kalyan Jewellers share price increased by 28.5% within six consecutive sessions, a lot of which fluctuation has been seen in the previous days. But the Kalyan Jewellers share price of the day was somewhat negative bias, and Kalyan Jewellers shares remained dormant in the first trading session.
The Kalyan Jewellers’ stock today began its trading for the day at ₹ 567.85 on the BSE, which rose up to ₹ 571.60 and went down to ₹ 552.40. Kalyan Jewellers, at the moment, has seen much improvement in its shares over the last year, with the shares having gone up by 62.06%, according to the Trendline.
Anshul Jain, the Head of Research at Lakshmi Shree Investment and Securities, pointed out that following the speech made while giving the budget, Kalyan Jewellers’ share price has increased due to the proposed elimination of duties on various Technological metals in the year 2025.
Due to this, it is considered appropriate by the Government of India to reduce the following duty from the previous 25 % to 20 % on gold jewelry.
It has also called for the reduction of the duty rates of titanium jewelry from 25% to 5%. This has led to value buying on the jewelry counters that are available at the depreciated levels.
His derivative of Kalyan Jewellers’ share price has been on the downward slope over the past week because they felt the heat and are now buying values.
As per the BSE, the Kalyan Jewellers’ stock opened at ₹567.85 per share. The highest was ₹571.60 per share, and the lowest was ₹552.40 per share. The Kalyan Jewellers’ stock has shown good signs of improvement within the current fiscal year and has even appreciated by 62.06%, as has been observed from Trendlyne.
Technical Analysis
From a technical perspective, analysts have identified key support and resistance levels for Kalyan Jewellers’ stock. Support is expected around the ₹535-500 range, while resistance is seen at approximately ₹594.
A decisive move above this resistance level could pave the way for further gains towards ₹620 or higher. Conversely, if the stock fails to maintain momentum and drops below support levels, it may face additional selling pressure.