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Kalyan Jewellers' shares fell 9.4% despite a 49% jump in Q1 profit and positive forecasts.
Kalyan Jewellers' shares dropped 9.4% on August 8, despite reporting a 49% increase in Q1 profit to ₹264 crore and a 31% rise in revenue to ₹7,268 crore.
The company's international revenue also rose 32% year-on-year to ₹1,070 crore.
Despite the stock price fall, brokerages like Motilal Oswal and Citi maintain a 'Buy' rating, targeting a price of ₹700.
Kalyan Jewellers is optimistic about the festive season and plans to launch new regional brands.
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Las acciones de Kalyan Jewellers cayeron un 9,4% a pesar de un aumento del 49% en las ganancias del primer trimestre y de las previsiones positivas.