Kalyan Jewellers India's Stock Sees Dip, But Long-Term Performance Remains Strong

Kalyan Jewellers India, a leading diamond and gold jewellery company, has recently seen a dip in its stock price. On September 26, 2024, the company's stock fell by -3.16%, underperforming the sector by -2.84%. This has led to a 'Buy' call by MarketsMOJO, indicating a positive outlook for the company.

Despite the recent dip, Kalyan Jewellers India's stock has been performing well in the long term. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average, which could be a cause for concern.

In the last 2 days, the stock has fallen by -4.98%, indicating a consecutive fall. On September 26, the stock touched an intraday low of Rs 730.9, a decrease of -3.51%. However, it is important to note that the stock has shown a 1-month performance of 18.45%, outperforming the Sensex's performance of 4.54%.

Kalyan Jewellers India is a largecap company in the diamond and gold jewellery industry. Despite the recent dip in its stock price, the company has a positive outlook and has been performing well in the long term. Investors can consider this as an opportunity to buy the stock at a lower price.