# Jefferies Starts Kalyan Jewellers Coverage With Buy Rating

2026-08-07T03:40:33+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Jefferies has initiated coverage of Kalyan Jewellers with a Buy rating and a target price of Rs 830, according to NDTV Profit. The target implies about 39% upside from the jeweller’s current level, despite its shares rising 57% in the past month. The brokerage expects Kalyan Jewellers to benefit as India’s jewellery market becomes more organised. Jefferies believes the company is still in the early stages of gaining from this formalisation trend. The report does not provide further details on the assumptions behind its target price or the time frame for reaching it.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/after-57-percent-rally-in-a-month-jefferies-initiates-kalyan-jewellers-with-buy-sees-more-upside-ahead-11877281#publisher=newsstand>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/after-57-percent-rally-in-a-month-jefferies-initiates-kalyan-jewellers-with-buy-sees-more-upside-ahead-11877281>

Tags: Jefferies, jewellery, Kalyan Jewellers, retail, stock market
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