Kalyan Jewellers’ shares have plunged around 25% over the past nine trading sessions, hitting a 52-week low of about ₹390 on January 21 after a nearly 14% fall.
The sharp decline comes amid heavy selling pressure and market weakness, with no major change in the company’s fundamentals. Fluctuating gold prices are also adding to investor caution.
Analysts say the upcoming December quarter results, due on February 6, will be closely watched. While short-term trading looks weak, brokers see potential for long-term recovery if market conditions stabilize.