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Kalyan Jewellers shares slide to multi month low
Kalyan Jewellers shares dropped sharply to a 19 month low as selling pressure, valuation concerns, and weak market sentiment continued to dominate trading.
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.