Kalyan Jewellers shares slide 6% amid profit booking a day after Q3 update

Shares of Kalyan Jewellers dropped 6.2% amid profit booking after reporting a 41% YoY revenue growth in Q3. The company saw a significant growth in same-store sales and expanded with 24 new showrooms in India. Despite market decline, Motilal Oswal maintained a ‘buy rating with a target price of Rs 875, indicating a potential 28% upside.