Kalyan Jewellers shares crash over 40% from peak, erode Rs 27,000 crore investor wealth. Buy, sell or hold?
Kalyan Jewellers shares have plummeted over 40 percent from their peak, wiping out significant investor wealth. This sharp decline follows a call from Prime Minister Narendra Modi to pause gold purchases and a government hike in import duties. Analysts point to policy headwinds and technical weakness impacting the stock.