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Jefferies predicts 39% upside in this Jewellery retail stock under Rs 600 – What’s fuelling the bullish call?

Posted on August 7, 2026
By Financial Express
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1 min read

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Jefferies predicts 39% upside in this Jewellery retail stock under Rs 600 – What’s fuelling the bullish call?

Jefferies initiates coverage on Kalyan Jewellers with a Buy rating and Rs 598 target price, implying around 39% upside. Here’s what is driving the brokerage’s bullish outlook on the jewellery stock.