Kalyan Jewellers, Motalal Oswal regained management after 36% loss, buyers returned on this assertion of AMC – INA NEWS
Kalyan Jewellers Share Value: The decline in shares of Kalyan Jewelers stopped in the present day. Earlier, it had fallen by about 16 p.c in three consecutive buying and selling days. Nonetheless, now on a clarification by asset supervisor Motilal Oswal AMC, the shares made a powerful comeback in the present day and jumped greater than 9 p.c in intra-day. Earlier, in 11 buying and selling days, buyers of Kalyan Jewelers had misplaced Rs 30 thousand crore and the shares had fallen by greater than 36 p.c. In these 11 days, it had weakened for 10 days and solely on January 14, it had strengthened by greater than 4 p.c.
Speaking about in the present day, Motilal Oswal had jumped 9.43 p.c to Rs 548.95 on BSE intra-day on AMC’s assertion. Some buyers took benefit of this growth however it’s nonetheless in a really sturdy place. Presently, it’s priced at Rs 537.50 (Kalyan Jewelers Share Value) with a bounce of seven.15 p.c.
What clarification did Motilal Oswal AMC give concerning Kalyan Jewellers?
Motalal Oswal AMC has given clarification concerning the rumor concerning funding in Kalyan Jewellers. The fund home rejected allegations that its cash managers had been bribed to put money into Kalyan Jewellers. AMC mentioned that these allegations have been leveled in opposition to it and its officers solely to tarnish its picture. Allow us to let you know that just lately this rumor was spreading quickly on social media that the fund managers of Motalal Oswal AMC had been bribed to put money into Kalyan Jewelers and the fund home took motion concerning this and even fired some managers. .
Why did shares rise on January 14?
After reaching document excessive on January 2, shares of Kalyan Jewelers fell constantly for the following 7 buying and selling days and through this era it slipped greater than 27 p.c. Nonetheless, on January 14, Kalyan Jewelers clarified a rumor within the earnings audio name that there was no IT raid on it and the allegations of bribery had been additionally false, on account of which the shares closed with a bounce of greater than 4 p.c whereas intra- It had jumped greater than 5 p.c within the day. Nonetheless, the decline began from the following buying and selling day and after falling for 3 consecutive buying and selling days, it once more turned a rocket in the present day.
How had been the shares in a single 12 months?
Shares of Kalyan Jewelers have made large earnings for the buyers. Final 12 months on February 1, 2023, it was at Rs 322.05, which is a one-year low for its shares. From this low stage, it jumped by about 147 p.c in 11 months and reached a value of Rs 794.60 on January 2, 2025, which is a document excessive for its shares. Nonetheless, the rise of shares stopped right here and at current it’s greater than 32 p.c draw back from this excessive.
Lock-in of 1100 crore shares of 83 firms is about to finish, 524 crore shares of just one firm, examine the entire record.
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Kalyan Jewellers, Motalal Oswal regained management after 36% loss, buyers returned on this assertion of AMC
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