Kalyan Jewellers Shares Extend Losses Amidst Market Concerns
Kalyan Jewellers India Ltd. shares have continued their downward trajectory despite the company’s efforts to quell rumors of IT raids and allegations of bribing fund managers.
The stock, which had reached an all-time high on January 2nd, has experienced a significant decline since then. It has traded lower in 10 out of 13 sessions this year, with a notable 6.63% drop on Friday, reaching a day’s low of Rs 503.25. This represents a 36.66% decline from its record high of Rs 794.60.
The stock’s downward momentum has intensified recently, with four out of the last five sessions ending in losses, following a previous five-session losing streak.
