Kalyan Jewellers India's Stock Gains 4.14%, Rated 'Buy' by MarketsMOJO

Kalyan Jewellers India, a leading diamond and gold jewellery company, has been making waves in the stock market with its recent performance. On October 14, 2024, the company's stock gained 4.14%, closing at Rs 753. This positive trend has been reflected in the stock call given by MarketsMOJO, which has rated Kalyan Jewellers as a 'Buy'.

The stock is currently trading close to its 52-week high of Rs 786, with a difference of only 4.49%. This shows the strong potential for growth and stability in the company's stock. In fact, Kalyan Jewellers has outperformed the sector by 3.49% in today's trading session.

Another positive sign for investors is the trend reversal in the stock. After two consecutive days of falling, Kalyan Jewellers has gained in today's trading session. The stock also touched an intraday high of Rs 753, showing a 4.73% increase.

Moreover, Kalyan Jewellers is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward trend in the stock's performance.

In comparison to the Sensex, Kalyan Jewellers has shown a 1-day performance of 3.32%, while the Sensex has only gained 0.78%. Similarly, in the past month, Kalyan Jewellers has outperformed the Sensex with a 3.67% increase, while the Sensex has shown a decline of -1.06%.

With such positive performance and indicators, Kalyan Jewellers India Ltd is definitely a stock to watch out for in the diamond and gold jewellery industry. Investors can consider adding this largecap company to their portfolio for potential growth and stability.