Kalyan Jewellers India Ltd Hits Intraday High with 5.46% Surge on 1 Feb 2026

Intraday Trading Highlights

The stock of Kalyan Jewellers India Ltd (Stock ID: 1003479) recorded a significant intraday rally, reaching a peak price of Rs 375.5, marking a 3.86% increase from its previous close. The day’s trading range was notably wide, with the stock dipping to an intraday low of Rs 351.55, down 2.77%, before rallying sharply to its high. This strong upward movement contributed to an overall day change of 5.46%, reflecting heightened trading activity and momentum within the session.

In comparison, the Gems, Jewellery And Watches sector, to which Kalyan Jewellers belongs, gained 2.37% on the day, indicating that the company outperformed its peers by a considerable margin. The stock’s performance also exceeded the Sensex, which reversed sharply after a positive start and closed down 0.8% at 81,609.64 points.

Technical Positioning and Moving Averages

From a technical standpoint, Kalyan Jewellers’ price currently trades above its 5-day moving average, signalling short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that the stock is still in a broader consolidation or correction phase. This positioning indicates that while the immediate momentum is positive, longer-term technical resistance levels remain to be tested.

Relative Performance Metrics

Examining the stock’s recent performance relative to the Sensex reveals a mixed trend. Over the past day, Kalyan Jewellers gained 5.05%, while the Sensex declined by 0.75%. Over one week, the stock rose 3.36% compared to a marginal 0.14% increase in the Sensex. However, over longer periods, the stock has underperformed the benchmark index. The one-month return stands at -21.25% versus Sensex’s -3.57%, and the three-month return is -25.94% against Sensex’s -3.26%. Year-to-date, the stock has declined 21.79%, while the Sensex is down 4.19%. Over one year, Kalyan Jewellers has fallen 13.74%, contrasting with the Sensex’s 6.37% gain.

Market Context and Sector Dynamics

The broader market environment on 1 Feb 2026 was marked by volatility. The Sensex opened 119.19 points higher but reversed sharply to close down 779.33 points, a 0.8% decline. The index is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed medium-term trend.

Within this context, the Gems, Jewellery And Watches sector showed resilience, gaining 2.37%, supported by demand for diamond and gold jewellery. Kalyan Jewellers’ outperformance relative to both the sector and the Sensex highlights its strong intraday momentum despite the broader market weakness.

Mojo Score and Market Capitalisation Insights

Kalyan Jewellers India Ltd holds a Mojo Score of 47.0, categorised as a Sell grade as of 19 Jan 2026, a downgrade from its previous Hold rating. The company’s market capitalisation grade stands at 2, reflecting its mid-cap status within the Gems, Jewellery And Watches sector. These metrics provide a quantitative backdrop to the stock’s recent price action and technical positioning.

Short-Term Price Action and Trading Range

The stock’s intraday volatility was pronounced, with a low of Rs 351.55 and a high of Rs 375.5, representing a price range of nearly Rs 24. This range underscores active trading interest and suggests that market participants responded to specific catalysts or news flow during the session. The closing price near the day’s high indicates sustained buying pressure towards the end of trading.

Summary of Trading Session

In summary, Kalyan Jewellers India Ltd’s strong intraday performance on 1 Feb 2026 was characterised by a 5.46% gain, reaching Rs 375.5 at its peak. This surge outpaced both the Gems, Jewellery And Watches sector and the broader Sensex index, which faced downward pressure. The stock’s movement above its short-term moving average, combined with a wide intraday price range, reflects active market participation and a positive shift in momentum during the session.

Despite the positive intraday action, the stock remains below several longer-term moving averages, indicating that it is still navigating broader technical resistance levels. The downgrade in Mojo Grade to Sell earlier in January 2026 provides a cautionary quantitative context amid the recent price strength.

Overall, the trading session highlighted Kalyan Jewellers’ capacity to outperform in a challenging market environment, driven by sector gains and specific stock-level dynamics.

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