Stock Performance and Market Context
On 24 Nov 2025, Khazanchi Jewellers recorded its highest price in the past year, surpassing previous levels and setting an all-time peak at Rs.739.75. The stock traded within a narrow range of Rs.3.8 on the day, indicating a relatively stable price movement despite the milestone. This price level places the stock well above its 52-week low of Rs.525.30, illustrating a substantial price progression over the last twelve months.
The company’s shares are currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a strong upward trend and sustained buying interest over multiple time horizons.
In comparison, the broader Sensex index opened 88.12 points higher and was trading at 85,328.27, reflecting a 0.11% gain. The Sensex itself is approaching its own 52-week high, currently 0.55% shy of the peak at 85,801.70. The index’s performance has been supported by mega-cap stocks and a bullish alignment of its 50-day moving average above the 200-day moving average, contributing to a three-week consecutive rise and a cumulative gain of 2.54%.
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Financial Metrics Underpinning the Rally
Khazanchi Jewellers’ performance over the past year has outpaced the broader market, with a total return of 19.63% compared to the Sensex’s 7.88% and the BSE500’s 6.64%. This relative strength is supported by robust financial indicators. The company’s net sales have expanded at an annual rate of 90.30%, while operating profit has grown at 105.40% annually, signalling strong operational growth.
Net profit growth stands at 55.45%, with the company reporting its highest quarterly figures recently: PBDIT at Rs.32.31 crores, PBT less other income at Rs.31.20 crores, and PAT at Rs.23.55 crores. These figures reflect a solid earnings trajectory that has contributed to the stock’s upward momentum.
Additionally, Khazanchi Jewellers maintains a low Debt to EBITDA ratio of 1.14 times, indicating a strong capacity to service debt and a conservative leverage profile. The company’s return on capital employed (ROCE) is reported at 20%, underscoring efficient utilisation of capital resources.
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Valuation and Market Position
The stock’s valuation metrics reflect a premium positioning, with an enterprise value to capital employed ratio of 5.8. While this suggests a relatively expensive valuation, it is balanced by the company’s earnings growth, which has risen by 64% over the past year. The price-to-earnings-to-growth (PEG) ratio stands at 0.6, indicating that earnings growth is outpacing the valuation multiple.
Despite the company’s size and performance, domestic mutual funds hold no stake in Khazanchi Jewellers. This absence of institutional ownership may reflect a cautious stance or a lack of in-depth research coverage by these funds, which typically conduct thorough on-the-ground analysis.
Overall, Khazanchi Jewellers’ recent price action and financial results demonstrate a strong market presence within the Gems, Jewellery And Watches sector, supported by solid fundamentals and technical strength.
Sector and Industry Context
Operating within the Gems, Jewellery And Watches industry, Khazanchi Jewellers’ performance aligns with sector trends that have shown resilience and growth. The stock’s movement in line with sector performance today highlights its integration within broader market dynamics. The company’s ability to sustain growth in net sales and profits over recent quarters has contributed to its elevated market capitalisation and investor attention.
As the stock trades above all major moving averages, it reflects a positive momentum that is consistent with the sector’s overall trajectory. This technical strength is complemented by the company’s financial health and growth metrics, which have been key drivers behind the stock reaching its new 52-week high.
Summary
Khazanchi Jewellers’ attainment of a new 52-week high at Rs.739.75 marks a significant milestone for the company and its shareholders. Supported by strong financial growth, prudent debt management, and favourable technical indicators, the stock has demonstrated resilience and upward momentum in a competitive sector. The broader market environment, with the Sensex also nearing its own yearly peak, provides a conducive backdrop for this achievement.
Investors and market watchers will note the company’s robust earnings growth and solid operational metrics as key factors underpinning this price performance. While valuation levels suggest a premium, the company’s earnings trajectory and capital efficiency offer context to this positioning within the Gems, Jewellery And Watches industry.
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