Strong Momentum Drives Stock to New Heights
Khazanchi Jewellers has demonstrated consistent upward movement over the past several sessions, with the stock recording gains for four consecutive days. During this period, it has delivered a cumulative return of 1.38%, outperforming its sector by 0.53% on the day it hit the Rs.750 mark. This price level represents the highest point the stock has achieved in the last 52 weeks, surpassing its previous peak and signalling robust investor confidence in the company’s recent performance.
The stock’s current trading levels are above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often indicates sustained buying interest and a positive trend in price action, which has contributed to the stock’s ability to reach this new high.
Market Context and Comparative Performance
While Khazanchi Jewellers has been advancing, the broader market has shown a more subdued tone. The Sensex opened flat and has since moved into negative territory, trading at 85,432.77 points, down 0.33% from the previous close. Despite this, the Sensex remains close to its own 52-week high of 86,159.02, currently just 0.85% away. The index is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, suggesting an overall bullish trend in the market.
In comparison, Khazanchi Jewellers has outperformed the Sensex over the past year, with a return of 13.64% against the benchmark’s 4.57%. This relative strength highlights the company’s ability to generate returns above the broader market, reinforcing its position within the Gems, Jewellery And Watches sector.
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Financial Performance Underpinning the Rally
Khazanchi Jewellers’ recent price performance is supported by a series of strong financial indicators. The company has reported a net sales growth at an annual rate of 90.30%, accompanied by operating profit growth of 105.40%. These figures reflect a healthy expansion in business operations and profitability.
Net profit has also shown a significant rise, with a growth rate of 55.45%. The company declared outstanding results in September 2025, with profit before tax excluding other income (PBT less OI) for the quarter reaching Rs.31.20 crores, marking an 83.8% increase compared to the previous four-quarter average. Similarly, profit after tax (PAT) for the quarter stood at Rs.23.55 crores, representing an 85.3% rise over the same period. The highest quarterly profit before depreciation, interest, and tax (PBDIT) was recorded at Rs.32.31 crores.
These robust financial outcomes have contributed to the stock’s upward trajectory and its ability to surpass previous price ceilings.
Balance Sheet Strength and Valuation Metrics
The company’s capacity to service debt is reflected in its low Debt to EBITDA ratio of 1.14 times, indicating manageable leverage levels relative to earnings. Return on capital employed (ROCE) stands at 20%, which, while indicative of efficient capital utilisation, is accompanied by an enterprise value to capital employed ratio of 5.9, suggesting a relatively high valuation in the context of its capital base.
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 valuation considerations among institutional investors, although it does not detract from the company’s recent market achievements.
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Historical Price Range and Market Returns
Over the past 52 weeks, Khazanchi Jewellers’ stock price has ranged from a low of Rs.525.30 to the recent high of Rs.750. This range illustrates the stock’s volatility and the strength of its recent rally. The 13.64% return generated over the last year notably exceeds the BSE500 index return of 1.42%, further emphasising the stock’s relative outperformance within the market.
The company’s price-earnings-to-growth (PEG) ratio stands at 0.6, reflecting the relationship between its valuation and earnings growth rate. This metric suggests that the stock’s valuation is supported by its earnings expansion over the period.
Conclusion: A Milestone Reflecting Sustained Growth
Khazanchi Jewellers’ attainment of a new 52-week high at Rs.750 marks a significant milestone in its market journey. Supported by strong financial results, positive price momentum, and favourable technical indicators, the stock’s performance stands out in the Gems, Jewellery And Watches sector. While the broader market has experienced mixed movements, Khazanchi Jewellers has maintained a trajectory of growth and resilience, as evidenced by its recent price and earnings developments.
Investors and market observers will note this achievement as a reflection of the company’s operational progress and market positioning over the past year.
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