Steady Price Momentum and Market Context
On 19 December 2025, Khazanchi Jewellers recorded its new 52-week and all-time high price of Rs.760.95. The stock has been on a positive trajectory, gaining for eight consecutive trading sessions and delivering a cumulative return of 2.53% over this period. The trading range on the day of the record high was narrow, confined to Rs.1.85, indicating a stable price movement amid market activity.
In comparison with the broader market, the stock’s one-day performance showed a modest increase of 0.06%, while the Sensex advanced by 0.57%. Over the past week, Khazanchi Jewellers outperformed the Sensex, registering a 1.15% gain against the benchmark’s decline of 0.35%. The one-month return of 3.75% similarly surpassed the Sensex’s negative 0.26% movement, highlighting the stock’s relative strength in recent weeks.
Longer-Term Performance Highlights
Examining the stock’s performance over extended periods reveals a pronounced divergence from market averages. Over three months, Khazanchi Jewellers posted a substantial 29.48% return, markedly higher than the Sensex’s 2.83%. The one-year return stood at 18.59%, more than double the Sensex’s 7.26%. Year-to-date figures further emphasise this trend, with the stock advancing 21.46% compared to the Sensex’s 8.74%.
It is notable that the stock’s three-year, five-year, and ten-year returns are recorded as zero, which may reflect data availability or listing history considerations. Nonetheless, the recent performance clearly demonstrates a period of accelerated growth and market appreciation.
Technical Indicators and Moving Averages
Khazanchi Jewellers is trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day levels. This positioning suggests a sustained upward momentum and a positive technical outlook. The stock’s alignment above these averages often indicates investor confidence and a favourable trend within its sector.
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Financial Performance Underpinning the Rise
Khazanchi Jewellers’ financial results have contributed significantly to its market valuation. The company’s ability to service debt is reflected in a low Debt to EBITDA ratio of 1.14 times, indicating manageable leverage relative to earnings before interest, tax, depreciation, and amortisation.
Net sales have exhibited a strong annual growth rate of 90.30%, while operating profit has expanded at an annual rate of 105.40%. These figures demonstrate robust operational scaling and efficiency improvements over recent periods.
Net profit growth of 55.45% further highlights the company’s profitability trajectory. The latest quarterly results include the highest recorded figures for key profit metrics: PBDIT at Rs.32.31 crores, PBT excluding other income at Rs.31.20 crores, and PAT at Rs.23.55 crores. These outcomes mark a continuation of positive results for two consecutive quarters, underscoring the company’s financial momentum.
Market-Beating Returns and Valuation Metrics
Over the last year, Khazanchi Jewellers has generated a return of 19.20%, significantly outpacing the BSE500 index return of 3.65%. This performance reflects the company’s capacity to deliver value above broader market benchmarks within the Gems, Jewellery And Watches sector.
The company’s return on capital employed (ROCE) stands at 20%, a figure that indicates efficient use of capital in generating earnings. However, the enterprise value to capital employed ratio is 6, suggesting a relatively high valuation level. The price-to-earnings-to-growth (PEG) ratio of 0.7, derived from a 64% profit rise over the past year, provides additional context on valuation relative to earnings growth.
Shareholding and Market Participation
Despite the company’s size and performance, domestic mutual funds hold no stake in Khazanchi Jewellers. This absence of mutual fund participation may reflect a cautious stance or valuation considerations by institutional investors capable of detailed research and on-the-ground analysis.
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Summary of the Stock’s Journey
Khazanchi Jewellers’ ascent to an all-time high price of Rs.760.95 is the culmination of sustained financial growth, consistent quarterly profitability, and a strong market presence within its sector. The stock’s performance over multiple time frames has outpaced key market indices, reflecting a period of notable expansion and investor confidence in the company’s fundamentals.
Trading above all major moving averages and supported by solid earnings growth, the stock’s current valuation incorporates both its recent achievements and the market’s assessment of its operational strength. While valuation metrics suggest a premium level, the company’s financial results provide a foundation for this market position.
As Khazanchi Jewellers continues to navigate the competitive landscape of the Gems, Jewellery And Watches industry, its record share price stands as a testament to its recent performance and market recognition.
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