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.
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