Kalyan Jewellers India Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

Varroc Engineering Ltd, Shyam Metalics & Energy Ltd, PNB Housing Finance Ltd, Mahindra & Mahindra Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 22 August 2024.

Kalyan Jewellers India Ltd witnessed volume of 55.53 lakh shares by 10:46 IST on BSE, a 36.2 times surge over two-week average daily volume of 1.53 lakh shares. The stock increased 5.08% to Rs.576.00. Volumes stood at 5.96 lakh shares in the last session.

Varroc Engineering Ltd clocked volume of 76000 shares by 10:46 IST on BSE, a 5.81 times surge over two-week average daily volume of 13070 shares. The stock gained 13.56% to Rs.608.60. Volumes stood at 17068 shares in the last session.

Shyam Metalics & Energy Ltd notched up volume of 4.17 lakh shares by 10:46 IST on BSE, a 5.3 fold spurt over two-week average daily volume of 78620 shares. The stock rose 6.97% to Rs.817.00. Volumes stood at 49907 shares in the last session.

PNB Housing Finance Ltd registered volume of 87.22 lakh shares by 10:46 IST on BSE, a 4.62 fold spurt over two-week average daily volume of 18.89 lakh shares. The stock slipped 2.81% to Rs.868.30. Volumes stood at 145.31 lakh shares in the last session.

Mahindra & Mahindra Financial Services Ltd recorded volume of 2.8 lakh shares by 10:46 IST on BSE, a 4.24 times surge over two-week average daily volume of 65924 shares. The stock gained 2.08% to Rs.314.05. Volumes stood at 72734 shares in the last session.

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Kalyan Jewellers India has allotted 6,18,891 equity shares under ESOP on 17 August 2024.

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The headline equity indices traded with substantial losses in morning trade. The Nifty traded below the 24,800 level. Metal shares extended losses for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 813.94 points or 0.99% to 81,053.61. The Nifty 50 index declined 257.90 points or 1.03% to 24,753.

In the broader market, the S&P BSE Mid-Cap index declined 0.93% and the S&P BSE Small-Cap index fell 0.43%.

The market breadth was weak. On the BSE, 1,283 shares rose and 2,284 shares fell. A total of 147 shares were unchanged.

Result today:

Britannia Industries (down 1.11%), Titan Company (down 1.50%), Hindustan Zinc (down 1.73%), Dalmia Bharat (down 0.62%), Archean Chemical Industries (up 0.23%), Delhivery (up 0.40%), Dhanuka Agritech (down 0.48%), Glaxosmithkline Pharmaceuticals (up 2.71%), Kirloskar Brothers (down 0.83%), LIC Housing Finance (down 0.88%), Medplus Health Services (down 0.95%), Mold-Tek Packaging (down 2.04%), PSP Projects (down 0.06%), Saregama India (up 1.94%), Sheela Foam (down 0.66%), Sudarshan Chemical Industries (down 1.33%), UPL (down 1.09%) and Zydus Wellness (up 0.52%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Metal index fell 2.57% to 9,327.20. The index slipped 2.67% in two consecutive trading sessions.

National Aluminium Company (down 3.74%), Vedanta (down 3.01%), Steel Authority of India (down 2.79%), Tata Steel (down 2.77%), JSW Steel (down 2.76%), Hindustan Copper (down 2.75%), Hindalco Industries (down 2.64%), Adani Enterprises (down 2.62%), NMDC (down 2.43%) and Jindal Steel & Power (down 2.41%) declined.

Stocks in Spotlight:

Kalyan Jewellers India slipped 1.01%. The company’s consolidated net profit jumped 23.69% to Rs 1775.58 crore in Q1 FY25 as compared with Rs 1,435.52 crore posted in Q1 FY24. Revenue from operations increased 26.5% YoY to Rs 55,354.79 crore in Q1 FY25.

Godrej Agrovet rose 0.99%. The company reported consolidated net profit of Rs 132 crore in Q1 FY25, up 22.9% as compared with Rs 107 crore in Q1 FY24. Revenue declined 6.4% YoY to Rs 2,351 crore in Q1 FY25.

Thermax declined 1.22%. The company’s consolidated net profit jumped 82% to Rs 108 crore in Q1 FY25 as compared with Rs 60 crore in Q1 FY24. Revenue increased 13% YoY to Rs 2,184 crore during the quarter.

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Revenue from operations increased 26.5% YoY to Rs 55,354.79 crore in Q1 FY25.

Profit before tax (PBT) jumped 26.01% year -on-year to Rs 2,374.91 crore during the quarter.

EBITDA stood at Rs 3,760 core in Q1 FY25, registering the growth of 16% as compared with Rs 3229 crore posted in corresponding quarter last year. EBITDA margin stood at 5.4% in Q1 FY25 as against 5.9% in Q1 FY24.

In terms of geography, total revenue from India jumped 29% YoY to Rs 4,687.5 crore during the quarter, same store sales growth (SSSG) registered 12% growth YoY basis. During the quarter, 13 new showrooms added in India.

Revenue from Middle East region increased 16% YoY to Rs 810.5 crore in Q1 FY25. Revenue growth was driven largely by same-store-sales-growth (SSSG) of 10%. No. of showrooms stood at 36 in Q1 FY25 as against 33 showrooms in Q1 FY24.

Headquartered in Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East.

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