Strong Momentum Drives New High
On 5 December 2025, Khazanchi Jewellers recorded its highest price in the past year, reaching Rs.744.7. This peak comes after a series of gains over the last three trading sessions, during which the stock delivered a cumulative return of 1.24%. The price movement has been accompanied by a relatively narrow trading range of Rs.6.7, indicating steady investor interest and controlled volatility.
The stock’s performance today outpaced its sector peers by 0.3%, underscoring its relative strength within the Gems, Jewellery And Watches industry. Notably, Khazanchi Jewellers is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a robust upward trend across multiple timeframes.
Market Context and Sector Performance
The broader market environment has also been supportive. The Sensex, after an initial decline of 139.84 points, rebounded to close 0.15% higher at 85,390.62 points. This recovery places the benchmark index just 0.9% shy of its own 52-week high of 86,159.02. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, reflects a bullish market backdrop that has favoured stocks like Khazanchi Jewellers.
Large-cap stocks have led the market rally, contributing to the Sensex’s gains. Against this backdrop, Khazanchi Jewellers’ outperformance within its sector highlights its resilience and capacity to capitalise on favourable market conditions.
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Financial Performance Underpinning the Rally
Khazanchi Jewellers’ recent price strength is supported by its financial metrics, which demonstrate solid growth and operational efficiency. 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%. These figures indicate a strong top-line and margin expansion trajectory.
Net profit growth of 55.45% further highlights the company’s ability to convert sales into earnings effectively. The company has reported positive results for two consecutive quarters, with quarterly profit before tax (PBT) excluding other income reaching Rs.31.20 crores, reflecting an 83.8% increase compared to the previous four-quarter average. Similarly, quarterly profit after tax (PAT) stood at Rs.23.55 crores, up 85.3% against the same benchmark.
Operating profit before depreciation, interest, and tax (PBDIT) for the quarter was Rs.32.31 crores, marking the highest level recorded by the company. These financial outcomes have contributed to the stock’s upward trajectory and its ability to reach new price highs.
Market-Beating Returns and Valuation Considerations
Over the last twelve months, Khazanchi Jewellers has generated a return of 13.63%, significantly outperforming the Sensex’s 4.44% return and the broader BSE500 index’s 1.68%. This performance underscores the company’s capacity to deliver value relative to the market and its sector peers.
From a capital structure perspective, the company maintains a low debt-to-EBITDA ratio of 1.14 times, indicating a strong ability to service its debt obligations. Return on capital employed (ROCE) stands at 20%, reflecting efficient utilisation of capital resources. However, the enterprise value to capital employed ratio is 5.9, suggesting a relatively high valuation level in relation to the company’s capital base.
Despite the company’s size and performance, domestic mutual funds hold no stake in Khazanchi Jewellers. This absence may reflect a cautious stance towards valuation or business fundamentals from certain institutional investors.
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Historical Price Range and Market Position
Khazanchi Jewellers’ 52-week low price was Rs.525.3, illustrating a substantial price appreciation to the current high of Rs.744.7. This range highlights the stock’s recovery and growth over the past year within the Gems, Jewellery And Watches sector.
The company’s market capitalisation grade is rated at 3, reflecting its mid-tier market size within the sector. This positioning allows it to benefit from growth opportunities while maintaining operational agility.
Conclusion
Khazanchi Jewellers’ attainment of a new 52-week high at Rs.744.7 marks a key milestone in its market journey. Supported by strong financial growth, favourable market conditions, and sustained price momentum, the stock has demonstrated resilience and relative strength within its sector. While valuation metrics suggest a premium level, the company’s operational performance and market returns have contributed to its current standing.
As the broader market continues to trade near its own highs, Khazanchi Jewellers remains a notable presence in the Gems, Jewellery And Watches industry, reflecting both sectoral trends and company-specific developments.
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