Kalyan Jewellers shares declined nearly 2 percent in early trade on Friday, snapping a two-session rally that had lifted the jewellery retailer's stock by more than 16 percent following its strong Q2 FY27 earnings and a series of bullish brokerage calls.
Kalyan Jewellers shares fell 1.7 percent to Rs 699 apiece in morning trade, emerging among the top losers in the midcap segment. The stock had gained a cumulative 16.4 percent over Wednesday and Thursday, hitting a fresh 52-week high of Rs 714.40 in the previous session.
Despite Friday's decline, Kalyan Jewellers shares have gained 44.3 percent so far in 2026, significantly outperforming the benchmark Nifty 50, which has declined around 4 percent during the same period. The company's market capitalisation stood at approximately Rs 72,100 crore.
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Kalyan Jewellers stock: Strong Q2 results fuelled recent rally