Key Events This Week
Feb 09: Stock opens at Rs.213.70, up 2.57%
Feb 10: Gains continue, closing at Rs.221.90 (+3.84%)
Feb 12: Hits new 52-week high at Rs.255
Feb 13: Reaches fresh 52-week high of Rs.268.85, closes at Rs.262.30 (+5.03%)
Strong Start to the Week on 9 February
Golkunda Diamonds & Jewellery Ltd began the week on a positive note, closing at Rs.213.70 on 9 February 2026, a 2.57% increase from the previous close. This gain outpaced the Sensex’s 1.04% rise to 37,113.23, signalling early buying interest. The stock’s volume of 13,619 shares indicated moderate participation as investors responded to underlying positive sentiment.
Momentum Builds on 10 and 11 February
The upward momentum accelerated on 10 February, with the stock climbing 3.84% to Rs.221.90 on a volume surge to 30,345 shares. This gain was well above the Sensex’s modest 0.25% increase, highlighting the stock’s relative strength. On 11 February, the stock continued its advance, albeit at a slower pace, rising 0.70% to Rs.223.45. The Sensex also edged higher by 0.13%, closing at 37,256.72. These consecutive gains set the stage for a significant breakout later in the week.
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Breakout and New 52-Week High on 12 February
On 12 February, Golkunda Diamonds & Jewellery Ltd surged dramatically, hitting a new 52-week high of Rs.255 during the session and closing at Rs.249.75, an 11.77% gain on the day. This move was accompanied by a significant volume increase to 57,557 shares, reflecting strong investor enthusiasm. The stock outperformed the Sensex, which declined 0.56% to 37,049.40, by a wide margin. This marked the ninth consecutive day of gains, with a cumulative return of 27.98% over this period, underscoring the stock’s robust upward trajectory.
Continued Strength and Fresh Highs on 13 February
The rally extended into 13 February, with the stock reaching an intraday high of Rs.268.85, setting another 52-week peak. It closed at Rs.262.30, up 5.03% on the day, on a volume of 56,959 shares. Despite the broader market’s weakness, with the Sensex falling 1.40% to 36,532.48, Golkunda maintained its strong momentum. This marked the tenth consecutive day of gains, delivering a cumulative 33.25% return over this stretch. The stock’s performance was supported by its position above all key moving averages, signalling sustained bullish technical conditions.
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Valuation Upgrade Enhances Investment Appeal
Alongside the price rally, Golkunda Diamonds & Jewellery Ltd experienced a valuation upgrade, shifting from a “very attractive” to an “attractive” rating. The stock’s price-to-earnings (P/E) ratio stands at 14.32, considerably lower than key peers such as Khazanchi Jewell (42.65) and Asian Star Co. (30.39), indicating relative price appeal. Its price-to-book value (P/BV) ratio of 2.49 and enterprise value to EBITDA (EV/EBITDA) of 9.90 further support a balanced valuation stance.
Financial metrics underpinning this valuation include a return on capital employed (ROCE) of 21.89% and return on equity (ROE) of 17.39%, both well above industry averages. The dividend yield remains modest at 0.60%, consistent with the company’s growth focus. These factors collectively enhance the stock’s attractiveness amid a competitive sector landscape.
Comparative Performance and Market Context
Despite the Sensex’s decline of 0.54% over the week, Golkunda’s stock outperformed significantly, gaining 25.89%. Over longer horizons, the stock’s returns remain impressive, with a five-year gain of 1188.66% compared to the Sensex’s 62.34%, and a ten-year return of 946.03% versus the Sensex’s 264.02%. This sustained outperformance highlights the company’s resilience and growth potential within the gems and jewellery sector.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.213.70 | +2.57% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.221.90 | +3.84% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.223.45 | +0.70% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.249.75 | +11.77% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.262.30 | +5.03% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Golkunda Diamonds & Jewellery Ltd demonstrated exceptional price momentum, with a 25.89% weekly gain and ten consecutive days of positive returns. The stock’s ability to set new 52-week highs on consecutive days highlights strong investor demand and technical strength. The valuation upgrade to “attractive” alongside solid financial metrics such as ROCE and ROE further supports the stock’s appeal.
Cautionary Notes: Despite the strong rally, the stock’s P/E multiple, while attractive relative to some peers, has risen from a “very attractive” to an “attractive” rating, signalling some moderation in undervaluation. The broader market’s weakness, with the Sensex down 0.54% for the week, suggests that sector and macroeconomic headwinds remain. Investors should monitor valuation levels and sector dynamics closely.
Overall, Golkunda Diamonds & Jewellery Ltd’s performance this week stands out as a compelling example of sector leadership and technical resilience amid a challenging market backdrop.
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