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Kalyan Jewellers Share Price : Forecast for Target Share Price for 2024-2030

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Published Date: 18 Nov 2024Updated Date: 02 Jan 20256 mins readBy MOFSL

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Introduction

Kalyan Jewellers, a leading gold and diamond jewellery brand, is synonymous with high-quality and value-for-money products in the Indian market with a global presence.

With a market capitalization of ₹68,505 crores, a trading volume of 33,97,752, and a projected target share price of ₹789 for 2024, Kalyan Jewellers has come a long way since its inception in 1993. As of June 2024, promoters, foreign institutional investors, mutual funds, and institutional investors hold 60.59%, 21.19%, 9.87%, and 32.94%, respectively. Its unique blend of modern and innovative business practices with traditional values caters to a global consumer base.

Target share price projections represent a specific stock's expected fair market value over a defined period. Investors must understand this concept to make informed investment decisions and portfolio optimisation for risk management.

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Keep reading to learn about the factors affecting Kalyan Jewellers' share prices and their target share price prediction from 2024 to 2030.

Factors Influencing Share Prices

Following are some key factors affecting the share prices of jewellery companies such as Kalyan Jewellers.

Economic conditions, especially the growth of consumer demand for jewellery and increased disposable income results in increased stock prices.
The commodity prices of gold, diamonds, and precious metals heavily influence the value of jewellery in the market. Increased commodity prices often reduce the demand and vice versa.
Financial performance, such as margins and profitability, coupled with revenue and earnings growth, also influences the share prices of players such as Kalyan Jewellers.
Brand value and customer loyalty play pivotal roles in the competitive landscape. When backed by strong brand value and increased customer loyalty, share prices can increase.
Similarly, the regulatory environment is a key factor to consider. This includes costs in the form of import duties, compliances, and taxes that directly affect a business's profitability and, in turn, share prices.
Kalyan Jewellers' initiatives for retail expansion and e-commerce growth also enhance its market standing in the highly competitive market. A positive plan for growth of the above-mentioned has a positive effect on its share price.

Target Share Price

Factoring in the projected growth and demand, market performance, and opportunities, the following target share prices are projected for Kalyan Jewellers.

2024

Kalyan Jewellers projects a target share price of ₹789 for 2024. Its predicted upward trajectory, earnings in the retail marketplace, increased marketing and advertising strategies, and growth in stores are believed to support this projection.

2025

The target share price projected for 2024 is ₹944. Once again, Kalyan Jewellers' sustained upward growth trajectory, effective implementation of growth plans, and strong brand reputation, coupled with ongoing efforts to enhance customer experience and offer diversified products, are believed to support this value appreciation.

2026

Kalyan Jewellers continues to grow in the marketplace. Increased market capitalisation and earnings will increase the share price to ₹1078 in 2026. From leveraging technological advancements and facilitating increased online sales to entering new markets, various expansion activities will be undertaken.

2027

The target price for Kalyan Jewellers shares can appreciate to ₹1235 in 2027. This projected growth is based on the brand's ongoing global expansion. This, coupled with the increased consumption needs of average customers with growing disposable income, is believed to help achieve the projected target price.

2028

The target share price for Kalyan Jewellers in 2028 is projected at ₹1413. This projected growth is believed to be the amalgamation of robust business initiatives for brand growth and expansion and increased consumer demand.

2029

By 2029, Kalyan Jewellers projects a target share price of ₹1616. Its increased brand recognition, sustained growth, enhanced profitability, and ability to adapt to changing market and consumer demands will help it achieve this target share price.

2030

The projected target share price of Kalyan Jewellers in 2030 is ₹1850, almost twice the current target share price in 2024. This optimistic projection is based on an expectation of continued consumer demand, adaptability to new trends, ability to keep up with consumer preferences, and strategic attention to innovation and customer engagement.

Conclusion

Kalyan Jewellers has established a strong foothold in the competitive jewellery market. Its robust brand reputation, customer trust and loyalty, celebrity endorsements, focus on innovation and customer experience, increased retail presence, and high-quality product offerings are the reasons for optimistic projections of target share prices for 2024 to 2030.