Shares of Kalyan Jewellers Ltd are undergoing a short-term correction. The Kerala-based jewellery firm has tanked 37% this year and lost 31% in a year. Amid a 17% loss in three months, the jewellery stock has recovered 6% in a week. However, the stock is still down 36% from the 52-week high reached of Rs 794.60 reached on January 2, 2025. Advertisement

In the current session, Kalyan Jewellers shares slipped 0.48% to Rs 482.10 against the previous close of Rs 485.30 on BSE. Market cap of the firm fell to Rs 49,779 crore. Total 0.63 lakh shares of the firm changed hands amounting to a turnover of Rs 3.05 crore.

In terms of technicals, the relative strength index (RSI) of Kalyan Jewellers stock stands at 45.9, signaling it's neither trading in the overbought nor in the oversold zone. The

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