Kalyan Jewellers shares slide to multi month low

Kalyan Jewellers shares plunged nearly fourteen percent to a nineteen month low, extending losses for a ninth straight session. Weak investor sentiment, valuation concerns, and broader market volatility weighed heavily on the stock. Analysts cited profit booking and cautious discretionary spending  the outlook, and sustained selling pressure as key reasons behind the sharp decline  the witnessed during recent trading  the sessions.

MRPL shares rose nearly five percent despite broader weakness in the BSE Oil and Gas index. Investors reacted positively to company specific factors, including improved refining margins and operational performance. Analysts observed selective buying within the sector as market participants differentiated balance sheet strength. Meanwhile, most energy stocks remained under the pressure due to crude oil price volatility and cautious sentiment.