Executive director Ramesh Kalyanaraman dismissed this as “very absurd” in the call on Tuesday. The stock dropped 7% on Wednesday to close at ₹554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by ₹24,000 crore to ₹57,234 crore at the Wednesday close.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is
May 25, 2026