Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company's market value, as analysts continued to see further upside.
The stock climbed to Rs 531 apiece, taking the jewellery retailer's market capitalisation to over Rs 54,800 crore. The sharp rally, which has added nearly one-third to the company's market value, was sparked by its stronger-than-expected Q1 business update released last week.
