Stock Performance and Market Context
On 24 Nov 2025, Khazanchi Jewellers touched Rs.739.75, setting a fresh peak for the year and surpassing previous price levels. The stock’s trading range for the day remained relatively narrow at Rs.3.8, indicating measured but steady investor activity. This price level places the stock well above its 52-week low of Rs.525.30, highlighting a significant upward trajectory over the past year.
Khazanchi Jewellers is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signals sustained positive momentum and reflects the stock’s resilience over multiple time horizons.
The broader market context also supports this performance. The Sensex opened 88.12 points higher and was trading at 85,328.27, a 0.11% gain on the day. The benchmark index is approaching its own 52-week high of 85,801.70, just 0.55% away, and has recorded a 2.54% gain over the past three weeks. Mega-cap stocks have been leading this upward trend, contributing to the overall bullish sentiment.
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Financial Metrics Underpinning the Rally
Khazanchi Jewellers’ financial results over recent quarters provide insight into the factors supporting its price movement. The company has demonstrated robust growth in net sales, with an annual rate of 90.30%, alongside operating profit growth of 105.40%. These figures indicate strong expansion in core business operations.
Net profit has also shown a substantial rise of 55.45%, with the company reporting its highest quarterly PBDIT at Rs.32.31 crores, PBT less other income at Rs.31.20 crores, and PAT at Rs.23.55 crores. These results reflect a solid earnings base contributing to investor confidence.
Additionally, the company’s debt servicing capacity remains healthy, with a Debt to EBITDA ratio of 1.14 times, suggesting manageable leverage levels relative to earnings. This financial stability is a key factor in sustaining the stock’s upward momentum.
Over the past year, Khazanchi Jewellers has generated a return of 19.63%, outperforming the Sensex’s 7.88% return and the broader BSE500 index’s 6.64%. This market-beating performance highlights the stock’s relative strength within its sector and the wider market.
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Valuation and Market Position
Khazanchi Jewellers’ return on capital employed (ROCE) stands at 20%, reflecting efficient use of capital in generating profits. However, the company’s enterprise value to capital employed ratio is 5.8, indicating a relatively high valuation level compared to capital base. The price-to-earnings-to-growth (PEG) ratio is 0.6, which suggests that profit growth is outpacing the valuation expansion over the past year.
Despite the company’s size and performance, domestic mutual funds currently hold no stake in Khazanchi Jewellers. This absence may reflect a cautious stance or differing views on valuation and business prospects within institutional circles.
Overall, the stock’s recent price action and financial indicators demonstrate a strong market presence and sustained growth trajectory within the Gems, Jewellery and Watches sector.
Summary of Market and Stock Momentum
The new 52-week high of Rs.739.75 for Khazanchi Jewellers marks a significant milestone, supported by solid financial results and positive technical indicators. The stock’s performance has outpaced key market benchmarks, reflecting its growing prominence in the sector. With the Sensex also nearing its own yearly peak, the current market environment provides a favourable backdrop for the stock’s continued momentum.
Investors and market watchers will note the company’s strong sales and profit growth, alongside prudent debt management, as key contributors to this upward trend. The stock’s position above all major moving averages further reinforces its technical strength.
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