Khazanchi Jewellers Hits New 52-Week High of Rs.762.9, Marking Significant Market Milestone

Stock Performance and Market Context

On 19 Dec 2025, Khazanchi Jewellers recorded its highest price in the past year, touching Rs.762.9. This peak represents a significant elevation from its 52-week low of Rs.525.3, underscoring a robust upward trajectory over the period. The stock has demonstrated consistent strength, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained positive momentum across multiple timeframes.

Over the last eight consecutive trading sessions, Khazanchi Jewellers has delivered a cumulative return of 2.76%, outperforming its sector by 0.38% on the day of the new high. The stock’s trading range has remained relatively narrow at Rs.3.9, indicating controlled volatility amid its upward movement.

In comparison, the broader market has also shown positive signs. The Sensex opened 274.98 points higher and was trading at 84,950.40, representing a 0.55% gain. The benchmark index remains 1.42% shy of its own 52-week high of 86,159.02, with the 50-day moving average positioned above the 200-day moving average, a technical indicator often associated with bullish market conditions. Small-cap stocks have led the market rally, with the BSE Small Cap index gaining 0.66% on the same day.

Financial Highlights Driving the Rally

Khazanchi Jewellers’ recent market performance aligns with its financial results, which have shown considerable growth. The company’s net sales have expanded at an annual rate of 90.30%, while operating profit has grown at 105.40% annually. Net profit has also risen by 55.45%, reflecting strong earnings growth over the recent period.

Quarterly figures reinforce this trend, with the company reporting its highest PBDIT at Rs.32.31 crores, PBT less other income at Rs.31.20 crores, and PAT at Rs.23.55 crores. These figures mark the strongest quarterly performance to date, contributing to the stock’s upward momentum.

From a balance sheet perspective, Khazanchi Jewellers maintains a low Debt to EBITDA ratio of 1.14 times, indicating a strong capacity to service debt obligations. This financial stability supports investor confidence and underpins the stock’s sustained gains.

Over the past year, Khazanchi Jewellers has generated a return of 19.17%, significantly outpacing the Sensex’s 7.24% return and the broader BSE500 index’s 3.55% performance. This market-beating return highlights the company’s relative strength within its sector and the wider market.

Valuation and Market Position

Khazanchi Jewellers exhibits a return on capital employed (ROCE) of 20%, reflecting efficient utilisation of capital in generating earnings. The company’s enterprise value to capital employed ratio stands at 6, indicating a relatively high valuation level in relation to its capital base.

Despite the company’s size and market presence, domestic mutual funds hold no stake in Khazanchi Jewellers. This absence of mutual fund ownership may suggest a cautious stance or differing assessment of the company’s valuation or business prospects by institutional investors.

Nevertheless, the company’s growth in profits by 64% over the past year, combined with a PEG ratio of 0.7, points to a valuation that balances earnings growth with market expectations.

Summary

Khazanchi Jewellers’ achievement of a new 52-week high at Rs.762.9 marks a significant milestone, supported by strong financial results and sustained market momentum. The stock’s performance over the past year has outpaced key benchmarks, reflecting the company’s growth trajectory within the Gems, Jewellery And Watches sector. Trading above all major moving averages and demonstrating consistent gains over recent sessions, Khazanchi Jewellers remains a notable presence in the mid-cap space.

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