JM Financial has initiated coverage on Kalyan Jewellers with a ‘buy’ rating, setting a target price of Rs 700. This optimism stems from Kalyan’s strategic store expansion, improving financials, and the favourable trends in India’s jewellery sector.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to