Motilal Oswal has reaffirmed its 'Buy' rating on Kalyan Jewellers with a target price of ₹700, implying a potential upside of around 18% from the current market price of ₹591. This latest recommendation from the brokerage firm comes as the stock continues to show technical momentum shifts towards bullish territory. The reaffirmation suggests Motilal Oswal remains confident in the stock's medium-term prospects despite recent volatility, with the target price aligning closely with previous expert recommendations.
As of the latest trading session, Kalyan Jewellers India Ltd shares are trading at ₹591.00, down from the previous close of ₹594.00, with intraday lows touching ₹562.30 and highs at ₹594.00. The stock has experienced a notable day decline of 4.38%, though the broader technical context suggests this may be a temporary retracement within an overall upward trajectory. The company's market capitalization stands at ₹61,758.50 crore as of August 6, 2026. The stock has achieved a return of -5.08% over the past year, while showing a 49.37% return in the last month alone. The stock's 52-week high and low are ₹649.00 and ₹327.15 respectively, with the current price near the mid-point suggesting potential for upside if bullish momentum continues.
Kalyan Jewellers India Ltd's technical landscape is evolving with a clear shift towards bullish momentum on weekly and daily charts, supported by MACD and moving averages. According to the latest technical assessment, the stock's trend has been upgraded from mildly bullish to bullish, signalling an improvement in price momentum. The MACD remains bullish on both weekly and monthly charts, with sustained bullishness suggesting the stock's upward momentum is intact over medium and longer-term horizons. The daily moving averages maintain a bullish posture, reinforcing short-term strength, while the Relative Strength Index (RSI) on both weekly and monthly timeframes shows no definitive signal, indicating neither overbought nor oversold conditions. However, Bollinger Bands on the weekly chart are mildly bullish with modest expansion, while monthly Bollinger Bands remain sideways, highlighting a stock in transition where short-term momentum is gaining but longer-term trends remain cautious.
Market experts have issued buy recommendations for five stocks across multiple sectors, with specific entry levels, price targets, and stop-losses outlined for traders. According to reports from NDTV Profit, the recommendations span jewellery, banking, technology, electronics retail and defence sectors, providing comprehensive investment opportunities for the current market environment. MarketsMOJO has recently downgraded Kalyan Jewellers' rating from Buy to Hold as of 3 August 2026, reflecting a more cautious stance amid mixed technical signals and recent price volatility.
Market expert Sachin Janardan Sarvade has recommended buying shares of Kalyan Jewellers India Ltd in the range of ₹590 to ₹598, with the current market price at ₹591.00. As reported by NDTV Profit, Sarvade has set a target price of ₹700, indicating a potential upside of around 17% from the current market price. The expert recommends maintaining a stop-loss at ₹549 for risk management. The stock's current trading level aligns closely with Sarvade's recommended entry range, suggesting potential for the target price achievement despite the recent downgrade to Hold. Recent expert analysis suggests P N Gadgil Jewellers may have a better structure compared to Kalyan Jewellers and is expecting ₹720-₹735 levels on the upside, while the realty space is looking good from a near-term perspective.
Kalyan Jewellers' price returns over various periods reveal mixed but generally positive performance relative to the benchmark Sensex. Year-to-date returns stand at 16.97%, outperforming the Sensex's negative 7.79%, while the one-year return is slightly negative at -5.13% but still better than the Sensex's -2.64%. The stock's three-year gain of 232.26% versus 19.57% for the Sensex, and five-year return of 701.13% compared to 44.20% for the benchmark, underscore the stock's strong historical growth trajectory. However, the MarketsMOJO score currently stands at 65.0 with the downgrade to Hold, suggesting that while there is still potential for gains, investors should be mindful of risks and monitor technical developments closely. The stock operates within the Gems, Jewellery and Watches sector, facing sector-specific dynamics including fluctuating gold prices, consumer demand shifts, and regulatory factors.
