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Kalyan Jewellers shares dropped nearly 9% on July 7, 2026, after its Q1FY27 business update showed approximately 38% consolidated revenue growth, which fell short of market expectations. The selloff reflects how high valuations leave little room for any disappointment, even when headline growth looks strong.
Jewellery stocks including Titan, Kalyan Jewellers, Sky Gold, and Senco fell up to 12% after PM Narendra Modi urged Indians to cut gold purchases and shift toward domestic financial assets. Investors fear even a modest demand slowdown could dent sector earnings, especially ahead of the key festive season.
Tag
Kalyan Jewellers shares dropped nearly 9% on July 7, 2026, after its Q1FY27 business update showed approximately 38% consolidated revenue growth, which fell short of market expectations. The selloff reflects how high valuations leave little room for any disappointment, even when headline growth looks strong.
1mo ago · 3 min · Markets
Jewellery stocks including Titan, Kalyan Jewellers, Sky Gold, and Senco fell up to 12% after PM Narendra Modi urged Indians to cut gold purchases and shift toward domestic financial assets. Investors fear even a modest demand slowdown could dent sector earnings, especially ahead of the key festive season.
3mo ago · 2 min · Markets
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