Shares of Kalyan Jewellers India continue to deliver excellent returns to investors. Following the release of strong first-quarter business updates, the stock's value has surged by up to 36% over the past three days, including a 9% rise on Friday alone. Historic Milestone; Market Value Rises by ₹13,280 Crore in Three Days On the National Stock Exchange (NSE), the company's share price climbed to ₹483.40 per share —a six-month high. This significant rally over three days has added over ₹13,280 crore to investor wealth, pushing the company's market capitalization to ₹49,896 crore. Kalyan Jewellers: First-Quarter Business Update On Tuesday, Kalyan Jewellers reported a highly satisfactory performance for the April-June quarter of the current fiscal year. Consolidated revenue grew by nearly 38% compared to the same period in the previous fiscal year. This growth is particularly noteworthy for the gold jewellery company, as the quarter included a 28-day period during which custo...
To enable investors to choose sectors that align with their preferences, the Vedanta Group has demerged into four separate entities, which were listed on the stock exchange the day before yesterday. What is the outlook for the four newly listed Vedanta entities over the next six months? Stock market expert Reji Thomas shares his insights regarding their performance and the outlook for the next 3–6 months. Vedanta Aluminium Metal Price: 471 Operations: India’s leading integrated aluminium producer, covering the entire value chain—from bauxite mining and refining to the manufacture of products for sectors such as construction, automotive, power, and packaging. Business Outlook: Driven by large-scale infrastructure, low production costs, and steady demand, this is considered the strongest business among Vedanta's four new entities. Next 3–6 Months: Revenue and market valuation are expected to rise in the coming quarters, supported by international price stability and strong domesti...