$KALYANKJIL

Shares of $KALYANKJIL India fell on Wednesday after its Q1 FY27 results, despite Citigroup raising its target price on the jewellery retailer. However, the brokerage cautioned that weaker-than-expected margins could weigh on the stock in the near term. Kalyan Jewellers shares were trading 1.4 percent lower at Rs 583 in early trade after ending Tuesday's session 2.7 percent lower ahead of the company's quarterly results. Despite the recent pullback, the stock has rallied about 66.7 percent since July 7, adding nearly Rs 24,500 crore to its market capitalisation in less than a month. The stock is up 22.1 percent so far in 2026, outperforming the Nifty 50, which has declined 5.9 percent over the same period.