Khazanchi Jewellers Hits New 52-Week High at Rs.744.5

Strong Market Momentum Drives New High

On 1 Dec 2025, Khazanchi Jewellers recorded its highest price in the past year, surpassing previous resistance levels and setting a fresh benchmark at Rs.744.5. This price point represents a notable advance from its 52-week low of Rs.525.3, illustrating a robust upward trajectory over the last twelve months.

The stock outperformed its sector peers on the day, registering a gain that exceeded the Gems, Jewellery And Watches sector by 0.84%. This outperformance is underscored by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained buying interest and positive price momentum.

Context Within Broader Market Trends

The broader market environment has also been supportive. The Sensex opened higher at 86,065.92 points, gaining 359.25 points or 0.42%, and was trading near its own 52-week high of 86,055.86, just 0.2% shy of that level. The index has been on a three-week consecutive rise, accumulating a gain of 1.57% during this period. Additionally, the Sensex is positioned above its 50-day moving average, which itself is above the 200-day moving average, indicating a bullish market trend.

Small-cap stocks have been leading the market rally, with the BSE Small Cap index gaining 0.4% on the day. Khazanchi Jewellers, classified as a small-cap stock, has benefited from this favourable market sentiment, contributing to its recent price strength.

Financial Performance Underpinning the Rally

Khazanchi Jewellers’ recent price performance is supported by its financial metrics. Over the past year, the company’s net sales have expanded at an annual rate of 90.30%, while operating profit has grown at 105.40%. This strong growth in core business operations has been accompanied by a 55.45% rise in net profit, reflecting improved profitability.

Quarterly results have also been encouraging, with the company posting its highest PBDIT at Rs.32.31 crores and PBT less other income at Rs.31.20 crores. The net profit after tax for the quarter reached Rs.23.55 crores, marking the highest quarterly figure recorded by the company to date. These figures indicate a solid earnings base that has likely contributed to investor confidence and the stock’s upward momentum.

Balance Sheet Strength and Valuation Considerations

Khazanchi Jewellers maintains a low Debt to EBITDA ratio of 1.14 times, signalling a strong capacity to service its debt obligations. This financial prudence is an important factor in the company’s overall stability and may have played a role in supporting the stock’s valuation.

Return on capital employed (ROCE) stands at 20%, reflecting efficient use of capital in generating earnings. However, the company’s enterprise value to capital employed ratio is 5.8, indicating a relatively high valuation level. The price-to-earnings-to-growth (PEG) ratio is 0.6, which suggests that the stock’s price growth is somewhat aligned with its earnings growth over the past year.

Shareholding and Market Participation

Despite the company’s size and performance, domestic mutual funds currently hold no stake in Khazanchi Jewellers. This absence of mutual fund participation may reflect a cautious approach by institutional investors, possibly due to valuation considerations or other factors specific to the company’s business environment.

Summary of Recent Price and Market Activity

Khazanchi Jewellers’ new 52-week high of Rs.744.5 represents a significant milestone in the company’s stock price history. The stock’s performance over the past year, with a total return of 11.41%, has outpaced the Sensex’s 7.62% return during the same period. This relative strength is notable given the broader market conditions and sector dynamics.

The stock’s current trading above all major moving averages further confirms the positive technical momentum. The broader market’s bullish stance, with the Sensex near its own 52-week high and small caps leading gains, has created a conducive environment for Khazanchi Jewellers to reach this new peak.

Conclusion

Khazanchi Jewellers’ attainment of a new 52-week high at Rs.744.5 is a reflection of its strong financial performance, favourable market conditions, and sustained investor interest. The company’s growth in sales, profitability, and prudent financial management have underpinned this price movement. While valuation metrics suggest a premium level, the stock’s recent trajectory highlights its position within the gems and jewellery sector and the broader small-cap market rally.

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