Kalyan Jewellers India Ltd Sees Robust Trading Activity Amid Sector Gains

Intraday Trading Dynamics and Price Action

On the trading day, Kalyan Jewellers (symbol: KALYANKJIL) recorded a total traded volume of 93,57,693 shares, translating into a substantial traded value of ₹48,746.09 lakhs. The stock opened at ₹505.00 and touched a day’s high of ₹535.00, marking an intraday gain of 6.97% from the previous close of ₹500.15. The last traded price (LTP) stood at ₹527.70 as of 10:39 AM IST, indicating sustained buying momentum.

The weighted average price suggested that a larger volume of shares exchanged hands closer to the day’s low price, signalling some profit-booking pressure at elevated levels but overall bullish sentiment prevailing throughout the session.

Sectoral and Market Context

The diamond and gold jewellery sector, in which Kalyan Jewellers operates, gained 4.13% on the day, underscoring a broad-based recovery in consumer discretionary spending and festive demand. Kalyan Jewellers outperformed its sector by 0.78%, while the Sensex declined marginally by 0.16%, highlighting the stock’s relative strength amid mixed market conditions.

Notably, the stock is trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — which is a positive technical indicator suggesting a sustained uptrend and strong investor confidence.

Institutional Interest and Delivery Volumes

Investor participation has been on the rise, with delivery volumes on 6 January reaching 9.81 lakh shares, a 17.67% increase compared to the five-day average delivery volume. This uptick in delivery volumes indicates that investors are not merely trading intraday but are also accumulating shares for the medium to long term.

Liquidity remains robust, with the stock’s average traded value supporting trade sizes of up to ₹1.74 crore based on 2% of the five-day average traded value, making it an attractive option for institutional investors and high-net-worth individuals seeking sizeable positions without significant market impact.

Mojo Score Upgrade and Market Capitalisation

Kalyan Jewellers’ recent upgrade in its Mojo Grade from Sell to Hold on 8 December 2025 reflects improving fundamentals and market sentiment. The company currently holds a Mojo Score of 50.0, indicating a neutral stance with potential for further improvement as operational metrics stabilise.

With a market capitalisation of ₹52,015 crore, Kalyan Jewellers is classified as a mid-cap stock within the gems, jewellery and watches sector. Its Market Cap Grade of 2 suggests moderate size and liquidity, making it a viable candidate for diversified portfolios seeking exposure to the luxury retail segment.

Comparative Performance and Technical Outlook

The stock’s one-day return of 4.88% notably outpaced the sector’s 4.11% gain and the Sensex’s slight decline, underscoring its relative strength. Technical indicators reinforce this positive momentum, with the stock trading comfortably above all major moving averages, signalling a bullish trend that has been sustained over multiple timeframes.

However, the weighted average price data indicates that while buying interest remains strong, some investors are taking profits near the day’s highs, which could lead to short-term consolidation before the next leg higher.

Outlook and Investor Considerations

Given the robust trading volumes, strong price action, and improving fundamental scores, Kalyan Jewellers appears well-positioned to capitalise on the ongoing recovery in discretionary consumer spending. The gems and jewellery sector’s recent gains, coupled with rising delivery volumes, suggest growing confidence among institutional and retail investors alike.

Investors should monitor the stock’s ability to sustain levels above ₹525 and watch for any shifts in volume patterns that may indicate a change in trend. The company’s mid-cap status and liquidity profile make it suitable for investors seeking exposure to the luxury retail space with a balanced risk-reward profile.

Conclusion

Kalyan Jewellers India Ltd’s strong value turnover and rising institutional interest highlight its growing appeal in the gems and jewellery sector. The stock’s recent upgrade in Mojo Grade to Hold, combined with its technical strength and sector outperformance, suggests a positive trajectory in the near term.

While profit-taking near intraday highs may cause some volatility, the overall trend remains constructive. Investors looking for exposure to mid-cap luxury retail stocks with solid fundamentals and liquidity should consider Kalyan Jewellers as a noteworthy candidate in their portfolios.

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