Kalyan Jewellers shares zoom to 10% upper circuit. What Motilal Oswal, JM Financial said after Q3 results

February 9, 2026

Kalyan Jewellers India’s shares surged 10% to ₹417.75 after reporting a 90.36% jump in Q3 net profit to ₹416.29 crore. This strong performance triggered bullish brokerage calls, with JM Financial setting a ₹750 price target, citing robust same-store sales growth and positive management outlook.

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