UBS keeps buy rating on Kalyan Jewellers, target at ₹900
In short
UBS kept its buy call on Kalyan Jewellers after the company’s Q2 results. It said the quarter was in line and kept its target price at ₹900.
The note suggests the stock may stay supported if festive demand holds up.
What the reporting says
UBS maintained its buy rating on Kalyan Jewellers after the company’s Q2 results and said the quarter was in line with expectations. The broker also said it saw the results positively and pegged strong festive demand. UBS kept its price target at ₹900, reinforcing a constructive view on the stock after the earnings update.
Why it matters
UBS maintained a buy rating on Kalyan Jewellers after reviewing the company’s Q2 results and kept its target price at ₹900. The broker called the quarter in line and viewed it positively, while also pointing to strong festive demand. The update matters for Kalyan Jewellers’ shares and for investors tracking near-term demand trends in the jewellery retail business.