Kalyan Jewellers India moves up as its arm incorporates Wholly Owned Subsidiary in UAE
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Kalyan Jewellers India is currently trading at Rs. 338.50, up by 4.60 points or 1.38% from its previous closing of Rs. 333.90 on the BSE.
The scrip opened at Rs. 336.00 and has touched a high and low of Rs. 344.95 and Rs. 336.00 respectively. So far 155603 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.15 on 09-Nov-2023 and a 52 week low of Rs. 101.00 on 27-Apr-2023.
Last one week high and low of the scrip stood at Rs. 344.95 and Rs. 312.30 respectively. The current market cap of the company is Rs. 34862.15 crore.
The promoters holding in the company stood at 60.55%, while Institutions and Non-Institutions held 31.42% and 8.03% respectively.
Kalyan Jewellers India’s Wholly Owned Subsidiary (WOS) -- Kalyan Jewellers FZE has incorporated a new Wholly Owned Subsidiary in UAE by the name of ‘Kalyan Jewellers Procurement LLC’. The said step-down subsidiary company was incorporated on December 25, 2023. The object of incorporation of this Step-Down Subsidiary is to expand Jewellery business in UAE. The Business of the Step-Down Subsidiary is in line with the business of the company.
Kalyan Jewellers India designs and manufactures gold, diamonds, stones, and other precious metal jewelry products. The company serves customers worldwide.
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