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The Economic Times
The Economic Times
Kumar Gaurav

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

Jefferies Kalyan Kalyan Jewellers Gold Kumar Gaurav SEBI

Analysts at global brokerage firm Jefferies are bullish on Kalyan Jewellers and have a Buy rating on the jewellery retailer following an interaction with Ramesh Kalyanaraman, Promoter and Executive Director. The brokerage sees a potential 76% upside in its bull-case scenario, with a target price of Rs 1,000.

Kalyan Jewellers shares were trading at Rs 558.25 apiece on the NSE on Thursday, down 1.85% from the previous close of Rs 568.80.

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