Kalyan Jewellers Shares Fall Nearly 14% Amid Gold Price Surge and Market Pressure

Kalyan Jewellers' shares have fallen sharply, dropping around 14% on January 21 to a 52-week low near Rs 390, marking nine consecutive sessions of decline and a total loss of about 25%. The fall coincides with record-high gold prices, which may be affecting consumer demand despite the company's strong revenue growth and store expansion plans. Analysts attribute the decline to technical selling, institutional activity, and cautious investor sentiment amid elevated valuations. The company is expected to announce its December quarter earnings on February 6.