9 Days, 25% Erosion: Kalyan Jewellers’ Free Fall Continues

As of 21 January 2026,

’ stock witnessed a sharp sell-off, slipping as much as 13.81% intraday and closing over 12% lower. The stock marked its ninth consecutive negative close, eroding nearly one-fourth of its market capitalisation over the last nine trading sessions. It hit a fresh 52-week low of ₹389.1, its lowest level since 6 June 2024, reflecting sustained selling pressure. According to reports, persistent rumours related to corporate governance, share pledges to Warburg Pincus, and auditor-related concerns were formally denied by the promoters a day earlier. However, the clarification failed to restore investor confidence. The stock continued to decline despite strong operational performance, with Q3 revenue rising 42% year-on-year to ₹7,318 crore, supported by robust festive season demand. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions. I, Akhilesh Jat (SEBI Registered Research Analyst – INH000016649), do not have any position in the mentioned scrip.