Gold Stock Hits New 52-Week High, Jumps 7.5% In 1-Day: Why Kalyan Jewellers Stock Is Rising & Should You Buy?

The share price of Kalyan Jewellers rose sharply by more than 7%, breaching a new 52-week high on November 12, 2026. The reason behind investors' bullish sentiment for this gold stock is the latest healthy quarterly earnings report, which was broadly in line with street estimates. Experts have recommended BUY on Kalyan Jewellers with a new target price of Rs 796.

Kalyan Jewellers Share Price

At the time of writing, Kalyan Jewellers' share price traded at Rs 711 apiece on BSE, up by Rs 48.45, or 7.31%, with a market cap of Rs 73,407.94 crore. The stock touched a new 52-week high of Rs 712.15 apiece as well. Overall, Kalyan Jewellers stock surged by 7.5%.

The performance comes after its healthy Q2 results. In the July to September 2026 quarter, Kalyan Jewellers reported consolidated revenue and PAT for Q2 FY27 were Rs 10,323 crore and Rs 427 crore, respectively, a growth of 31% and 64% respectively.

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said, "The ongoing festive quarter has started off very well and we are very encouraged by the growth on the ground, especially during Navratri and Dhanteras. We are upbeat about the wedding season and look forward to ending the quarter on a strong note."

Further, for the H1FY27, the company's consolidated revenue stood at Rs 20,912 crore, registering a growth of 38%. While consolidated PAT for the first half of FY27 was Rs 776 crore as against a PAT of Rs 525 crore for the same period in the previous financial year, a growth of 48%.

Should You Buy Kalyan Jewellers Share Price?

Analysts at JM Financial in their note said, "management said Q3 has started strongly, led by Navratri and Dhanteras with volume growth continuing; they are also upbeat about the wedding season. They retained their FY27 targets of ~10% SSSG and at least 25% revenue growth, and expect stable PBT margin with better H2FY27."

Store openings are weighted to H2FY27, especially Q4, to offset the high base; the FY27 plan implies ~61 Kalyan India and ~36 Candere additions in H2. ATM, with its first store in Chennai, is ahead of expectations with four more stores planned in H2 and no expansion beyond TN for now, as per the analysts note.

With standalone non-GML debt fully repaid and expected to stay nil through FY27, JM's analysts believe the cash flow will go mainly towards inventory in existing showrooms and a few flagship stores to drive SSSG; a detailed FY28 cash-flow plan will be shared shortly.

Accordingly, on the valuation, the analysts note added, "We raised FY27-29E EPS by 3-5% on lower finance cost, forecasting revenue/EBITDA/PAT CAGR of ~21%/19%/23% over FY26-29E. We retain BUY with a revised TP of Rs 796 (earlier Rs 772) based on 35x Sep'28E EPS."

The consensus recommendation from 10 analysts for Kalyan Jewellers is STRONG BUY, as per Trendlyne data. The average target price is of Rs 768.20 apiece, indicating a potential of over 9% upside ahead.

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