“Bullish on Kalyan Jewellers with a 'buy' rating and a target price of ₹800, indicating a 34.2% upside. The company is well-positioned to capitalize on the formalization and premiumization trends in the Indian jewelry market due to its scale, brand strength, and strategic store expansion, which are driving market share consolidation.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%