Kalyan Jewellers shares rally 4% after ICICI Securities reaffirms bullish view, sets Rs 520 target

Kalyan Jewellers’ shares rose by 3.6% after ICICI Securities maintained a bullish stance, setting a target price of Rs 520. Strong wedding demand, aggressive expansion plans, and the success of its Candere brand drive growth. Despite short-term pressures from higher gold metal loan rates, the company remains on track to reduce debt and expand its footprint.