Khazanchi Jewellers Hits New 52-Week High at Rs.752.95

Stock Performance and Market Context

On 9 December 2025, Khazanchi Jewellers recorded its highest price in the last 52 weeks, reaching Rs.752.95. This new peak comes after a series of gains that extended over four consecutive trading sessions before a slight pullback on the day, with the stock closing down by 0.81%. Despite this minor retreat, the stock remains well above its key moving averages, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a strong upward trend.

In comparison, the broader Sensex index opened lower by 359.82 points and was trading at 84,591.37, down 0.6% on the day. The Sensex itself is approaching its own 52-week high, currently 1.85% below the peak of 86,159.02. The index is supported by bullish technical indicators, with the 50-day moving average positioned above the 200-day moving average, suggesting a positive medium-term market environment.

Yearly Returns and Sector Comparison

Khazanchi Jewellers has delivered a 14.09% return over the past year, significantly outpacing the Sensex’s 3.77% return during the same period. This performance highlights the company’s relative strength within the Gems, Jewellery And Watches sector, which has faced varied market conditions. The stock’s 52-week low stands at Rs.525.30, indicating a substantial price range and recovery over the year.

Financial Growth and Profitability Metrics

Khazanchi Jewellers’ financial data reveals robust growth across key metrics. Net sales have expanded at an annual rate of 90.30%, while operating profit has grown at 105.40% annually. The company’s net profit has shown a 55.45% increase, underscoring strong earnings momentum. These figures are supported by the company’s recent quarterly results, which include a profit before tax excluding other income (PBT LESS OI) of Rs.31.20 crore, reflecting an 83.8% growth compared to the previous four-quarter average.

Additionally, the profit after tax (PAT) for the quarter stood at Rs.23.55 crore, representing an 85.3% increase relative to the prior four-quarter average. The company’s profit before depreciation, interest, and tax (PBDIT) reached Rs.32.31 crore, marking the highest quarterly figure recorded to date.

Debt and Valuation Considerations

Khazanchi Jewellers maintains a low debt burden relative to earnings, with a Debt to EBITDA ratio of 1.14 times, indicating a strong capacity to service its debt obligations. The company’s return on capital employed (ROCE) stands at 20%, reflecting efficient utilisation of capital resources. However, the enterprise value to capital employed ratio is at 6, suggesting a relatively high valuation level in the context of its capital base.

Market Participation and Shareholding

Despite the company’s size and performance, domestic mutual funds currently hold no stake in Khazanchi Jewellers. This absence of institutional ownership may reflect a cautious stance or valuation considerations among fund managers, who typically conduct detailed on-the-ground research before committing capital.

Technical Momentum and Trend Analysis

The recent price action of Khazanchi Jewellers demonstrates strong technical momentum. The stock’s position above all major moving averages indicates sustained buying interest over multiple time horizons. The four-day rally preceding the latest session contributed to the new 52-week high, although the stock experienced a modest correction on the day of the new peak.

This pattern suggests that while short-term profit-taking occurred, the overall trend remains positive. The stock’s ability to maintain levels above its 200-day moving average is particularly noteworthy, as this is often viewed as a key indicator of long-term trend direction.

Sectoral and Market Environment

Operating within the Gems, Jewellery And Watches sector, Khazanchi Jewellers’ performance stands out amid a market environment where the Sensex is trading near its own yearly highs. The sector has experienced varied demand dynamics, but Khazanchi Jewellers’ financial growth and stock price appreciation highlight its relative strength.

The broader market’s technical indicators, including the Sensex’s position above its 50-day and 200-day moving averages, provide a supportive backdrop for stocks demonstrating solid fundamentals and momentum.

Summary of Key Metrics

To summarise, Khazanchi Jewellers’ key financial and market metrics include:

• New 52-week high price of Rs.752.95


• One-year stock return of 14.09%, outperforming Sensex’s 3.77%


• Net sales growth at an annual rate of 90.30%


• Operating profit growth at 105.40% annually


• Net profit growth of 55.45%


• Debt to EBITDA ratio of 1.14 times


• Return on capital employed at 20%

These figures collectively illustrate the company’s strong financial trajectory and market performance over the past year.

Conclusion

Khazanchi Jewellers’ attainment of a new 52-week high at Rs.752.95 marks a significant milestone in its market journey. Supported by robust financial growth, favourable technical indicators, and a market environment that is generally positive, the stock’s recent performance reflects sustained momentum within the Gems, Jewellery And Watches sector. While the stock experienced a slight pullback following four days of gains, its position above key moving averages suggests continued underlying strength.

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