Kenvi Jewels Faces Challenges Amidst Declining Sales and Technical Indicators

Apr 07 2025 11:00 AM IST
share
Share Via
Kenvi Jewels, a microcap in the diamond and gold jewellery sector, has faced significant volatility, hitting a new 52-week low. The company has underperformed its sector, with a notable decline over the past year and concerning financial metrics, including low ROCE and high debt levels. Promoter confidence is also decreasing.
Kenvi Jewels, a microcap player in the diamond and gold jewellery industry, has experienced significant volatility, hitting a new 52-week low of Rs. 2.66 today. The stock has underperformed its sector, declining by 0.42% and has seen a consecutive drop over the past two days, totaling a 6.69% decrease.

In terms of moving averages, Kenvi Jewels is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader diamond and gold jewellery sector has also faced challenges, with a decline of 3.47%.

Over the past year, Kenvi Jewels has seen a staggering 57.68% drop in performance, starkly contrasting with the Sensex, which has decreased by only 2.32%. The company's financial health is concerning, with a low Return on Capital Employed (ROCE) of 6.74% and a high Debt to EBITDA ratio of 3.24 times, suggesting difficulties in servicing debt.

Additionally, promoter confidence appears to be waning, as their stake has decreased by 1.34% in the last quarter. Overall, Kenvi Jewels is navigating a challenging landscape marked by declining sales and deteriorating technical indicators.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News