JM Financial Bullish on Kalyan Jewellers, Raises Target Price to ₹775

A company called Kalyan Jewellers sells jewelry.

Two financial experts, JM Financial and Motilal Oswal, looked at how well the company did in the last three months.

JM Financial was very happy because the company made more money than they expected and is planning to get rid of all its debt soon.

Because of this good news, JM Financial thinks the company's stock price will go up a lot and set a new goal of ₹775 for it.

They still think people should buy the stock.

The other expert, Motilal Oswal, also thinks it's a good stock to buy but has a slightly lower price goal of ₹675.

The company had a great quarter, selling a lot more jewelry than last year, especially the more expensive studded pieces.

They are also opening new stores outside of the southern part of India where they used to sell the most.

The company is working hard to pay off its loans by selling things it doesn't need and using its earnings.