Kalyan Jewellers rose on a bullish UBS note maintaining target price of Rs 900, citing strong H2 growth outlook and management commentary

Tue 29 Sep 2026

UBS target price

Rs 900

Stock gain today

almost 2/3 percent

Current discount to Titan

40-45 percent

Peak discount to Titan

35 percent

Historic discount to Titan

60 percent

Heard on Live TV News Channel between 13:45:43 - 13:46:58 IST.

• UBS maintained target price of Rs 900 on the stock, having initiated coverage a couple of weeks ago
• Stock gained almost 2/3 percent, off highs
• UBS management call takeaways: stronger second half growth expected despite high base from last year
• Growth drivers cited: gold on loan schemes, savings schemes, aggressive store rollout
• Stock trades at discount to Titan, currently 40-45% versus peak 35% and historic 60%; narrowing discount seen as re-rating trigger
• Stock fell after Q1 numbers as Titan grew faster despite bigger base, but rallied in subsequent days as numbers weren't bad

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.