VERIFIEDET Markets·8 Oct 2026positive

Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why

AI Summary

·Jefferies has reiterated a Buy rating on Kalyan Jewellers with a base target of Rs 830 and a bull-case target of Rs 1,000.
·The bull-case target implies a potential 76% upside for the stock.
·Jefferies cited market-share gains, store additions, and structural shifts to organised retail as key growth drivers.