Kalyan Jewellers India Ltd Hits Intraday High with 5.85% Surge on 3 Feb 2026

Intraday Trading Highlights

The stock opened with a significant gap up of 4.21%, signalling strong buying interest from the outset. Throughout the trading session, Kalyan Jewellers maintained upward momentum, eventually touching an intraday peak at Rs 393.75, representing a 7.61% gain. By the close, the stock recorded a day change of 5.85%, outperforming the Gems, Jewellery And Watches sector, which gained 3.33% on the day.

In comparison, the benchmark Sensex opened sharply higher by 3,656.74 points but lost steam to close down by 1,277.33 points, settling at 84,045.87, a 2.91% decline. Despite the broader market’s retreat, Kalyan Jewellers sustained its positive trajectory, registering a 5.42% gain versus the Sensex’s 2.89% loss on the day.

Technical Positioning and Moving Averages

From a technical perspective, the stock’s price currently trades above its 5-day moving average, indicating short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that longer-term momentum has yet to fully align with the recent intraday gains. This mixed technical picture reflects the stock’s ongoing attempts to regain broader upward momentum after a period of subdued performance.

Sector-wise, the Diamond & Gold Jewellery segment showed a healthy gain of 3.33%, with Kalyan Jewellers outperforming this benchmark by over 2 percentage points, underscoring its relative strength within the industry group.

Performance Trends and Market Context

Examining recent performance, Kalyan Jewellers has shown mixed results over various time frames. The stock’s 1-week gain stands at 4.51%, outpacing the Sensex’s 2.65% rise. However, over the past month and three months, the stock has declined by 22.17% and 25.18% respectively, contrasting with the Sensex’s modest positive returns of -2.03% and 0.05% over the same periods.

Year-to-date, Kalyan Jewellers is down 20.56%, while the Sensex has declined by 1.40%. Over the longer term, the stock’s 3-year performance remains strong at 238.67%, significantly outperforming the Sensex’s 38.10% gain. However, the 5-year and 10-year returns for Kalyan Jewellers are flat at 0.00%, compared to Sensex’s 67.19% and 246.87% respectively, indicating periods of stagnation in the stock’s longer-term trajectory.

Mojo Score and Rating Update

Kalyan Jewellers India Ltd currently holds a Mojo Score of 47.0, categorised as a Sell grade. This represents a downgrade from its previous Hold rating, effective from 19 Jan 2026. The company’s Market Cap Grade is 2, reflecting its mid-cap status within the Gems, Jewellery And Watches sector. This rating adjustment signals a cautious stance based on the company’s recent financial and market metrics.

Sector and Market Dynamics

The broader market environment on 3 Feb 2026 was characterised by volatility. The Sensex, despite opening with a strong gap up, retreated to close 2.91% lower, trading near its 52-week high but still 2.51% below that peak. Mega-cap stocks led the market, supporting the index’s overall resilience despite the pullback. Kalyan Jewellers’ outperformance amid this environment highlights its distinct trading action relative to the broader market and sector peers.

Summary of Today’s Trading Action

Kalyan Jewellers India Ltd’s strong intraday performance on 3 Feb 2026 was marked by a decisive gap up opening and sustained buying pressure that propelled the stock to a 7.61% intraday high. The stock’s 5.85% day gain notably outpaced both its sector and the Sensex, which closed lower. Despite trading below several longer-term moving averages, the stock’s short-term technical indicators and relative strength within the Gems, Jewellery And Watches sector underscore its active trading interest on the day.

This performance occurred in a market environment where the Sensex experienced a sharp reversal after a strong opening, highlighting Kalyan Jewellers’ distinctive trading pattern amid broader market fluctuations.

Longer-Term Performance Context

While the stock has demonstrated strong gains over three years, recent monthly and quarterly declines indicate ongoing challenges in maintaining upward momentum. The downgrade in Mojo Grade to Sell further reflects a tempered outlook based on current fundamentals and market conditions. Nevertheless, today’s intraday surge provides a notable instance of positive price action within a complex performance landscape.

Technical and Market Metrics at a Glance

• Intraday high: Rs 393.75 (+7.61%)
• Day change: +5.85%
• Opening gap up: +4.21%
• Sector gain: +3.33%
• Sensex close: 84,045.87 (-2.91%)
• Mojo Score: 47.0 (Sell, downgraded from Hold on 19 Jan 2026)
• Market Cap Grade: 2 (mid-cap)
• Relative 1-day performance vs Sensex: +5.42% vs -2.89%

Conclusion

Kalyan Jewellers India Ltd’s strong intraday surge on 3 Feb 2026 stands out in a volatile market session, with the stock outperforming both its sector and the broader index. The trading action reflects a notable burst of buying interest and short-term strength, even as longer-term technical indicators and rating adjustments suggest a cautious overall stance. Investors and market participants will observe how this momentum integrates with the stock’s broader performance trends in the coming sessions.

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