Kalyan Jewellers shares skyrocket 50% in 5 days, market value swells by Rs 18,200 crore. Time to buy or book profits?

Published 14 July 2026 · finance

Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company's

Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company's market value, as analysts continued to see further upside.The stock climbed to Rs 531 apiece, taking the jewellery retailer's market capitalisation to over Rs 54,800 crore. The sharp rally, which has added nearly one-third to the company's market value, was sparked by its stronger-than-expected Q1 business update released last week.Kalyan Jewellers Q1 business updateKalyan Jewellers last week said that the April-June quarter of the ongoing financial year 2027 was a "very satisfying one" as it recorded consolidated revenue growth of nearly 38% when compared to the same period in the previous financial year. The gold jewellery maker's 38% revenue growth came despite the 28-day Adhik Maas period falling fully in the recently concluded quarter, when several customers typically avoid gold purchases.Read More: From Kalyan Jewellers' 52-week high to Trent's reality check: LKP Securities' top trading ideasThe company also posted same-store sales growth of approximately 28%. The share of recycled gold as a percentage of revenue rose to over 46% during Q1 FY27.

For June, the share of recycled gold as a percentage of revenue was in excess of 55%.The international operations recorded revenue growth of approximately 35% year-on-year (YoY) in Q1 FY27. "Within the Middle East specifically, we witnessed revenue growth of approximately 30% for Q1 FY27 as compared to Q1 FY26, driven predominantly by same-store sales growth despite the impact on footfall during April due to the geopolitical tensions in the region," it added.Kalyan launched 12 showrooms and 5 Candere showrooms in India during the quarter under review. "The ongoing quarter has started well, and we are upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country," the company added further in a statement.Should you buy Kalyan Jewellers shares now?Kalyan Jewellers shares have broken out above a downward-sloping trendline, while continuing to trade above all its key short- and long-term moving averages on the weekly chart, reinforcing the strength of the prevailing uptrend, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.The RSI has also registered a breakout above its own downward-sloping trendline on the weekly timeframe, indicating a clear shift from bearish to bullish momentum, he said, adding that the widening gap between the DI+ and DI− lines reflects strengthening buying interest and confirms that bulls remain firmly in control.Another encouraging sign is that the stock has closed above the upper Bollinger Band in each of the last four trading sessions, a characteristic often observed during the early stages of a strong trending move, Shah explained.