Kalyan Jewellers Q2 profit up 64%, stock extends rally

Kalyan Jewellers Q2 FY27 profit rose 64% to Rs 427 crore; the stock hit Rs 689 intraday, with Rs 650-635 support and Rs 794 resistance. Kalyan Jewellers India Limited [KALYANKJIL] jumped as much as 12.77% to Rs 689 in morning trade on 11 November 2026 after strong Q2 numbers. !KAYNAKJIL was at Rs 670.3, extending gains to an eighth straight session. Consolidated profit for Q2 FY27 rose 64% to Rs 427 crore. Revenue grew 31% to Rs 10,323 crore, crossing Rs 10,000 crore. The results came on 10 November, a market holiday. Profit growing about twice as fast as revenue is a positive. Management said the ongoing festive quarter has started well, led by Navratri and Dhanteras. On the daily bar chart, the stock has rebounded about 35% from the recent low near Rs 500. It opened at Rs 630 and pushed through the Rs 640 to 650 area, which capped earlier rallies. The Rs 650 to 635 zone, the old resistance band, now acts as support. Holding it keeps the breakout intact, while a close below Rs 635 would weaken it. Eight straight gains also leave room for a pause. The key hurdle is the all-time high at Rs 794. Stance: positive above Rs 635, with Rs 794 as the test. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.