Kalyan Jewellers India rises on planning to expand presence in Middle East through franchisee model
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Kalyan Jewellers India is currently trading at Rs. 93.65, up by 0.15 points or 0.16% from its previous closing of Rs. 93.50 on the BSE.
The scrip opened at Rs. 95.20 and has touched a high and low of Rs. 95.55 and Rs. 93.20 respectively. So far 62627 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.30 on 15-Sep-2022 and a 52 week low of Rs. 55.20 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 100.45 and Rs. 91.70 respectively. The current market cap of the company is Rs. 9636.15 crore.
The promoters holding in the company stood at 60.54%, while Institutions and Non-Institutions held 4.73% and 34.73% respectively.
Kalyan Jewellers India is planning to expand its presence in the Middle East through franchisee model and is expected to launch its pilot franchise showrooms in the region in the current financial year (FY23). The company, which entered the franchise model in India in the first half of this financial year, currently has three franchised stores operational and it is on track to open three more such stores before Diwali this year in the country.
Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.
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