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Stock Market: ICICI Securities says that despite high gold prices, with stable demand and fast store rollouts, hopefully the Revenue Momentum of Welfare Jewelers will remain strong.
Brokerage says that this stock may rise 50 percent further. New Delhi. The price of jewelery stock, welfare jewelers has lost 38 percent in a year. Brokerage House ICICI Securities says that now the valuation of this share has been very fair and money should be invested in it. Brokerage has increased the rating of welfare jewelers share from ‘Ed’ to ‘bye’. It closed at Rs 465.30 on Wednesday on Wednesday at Rs 465.30. In the last month, the price of welfare jewelers share has fallen 8 percent, 18 percent in three months and 39.28 percent in the year 2025 so far.
Double-design SSSG expected from festive demand
Brokerage says that gold prices have increased by 15% in the last 2 months. Despite this, Kalyan Jewellers will show strong sem store sales growth (SSSG), which will support the onset of festivals and weddings. However, the high base of Q2Fy25 is a challenge for this. The company is also accelerating the introduction of lower carats, light jewelery, making it easier for the purchase of cheap and everyday wearing jewelery.
In the last 18 months, the company has added 70 new stores. Whereas FY26 aims to add 80 new stores. The company’s brand Candere is now available at 81 stores. The company hopes that PAT will be positive by the end of FY26. The management highlighted the improvement in productivity in stable margins and clusters, which strengthens investors in their homony-channel strategy.
Kalyan Jewelers Target Price
ICICI Security has fixed the target price of welfare jewelers share at Rs 670. This lion’s current price is about 50 percent more than 454.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. AyraNews24x7 will not be responsible for any kind of profit or loss.)
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