Kalyan Jewellers Shares Drop 14% in Ninth Consecutive Session of Decline

**MARKET UPDATE: KALYAN JEWELLERS** Kalyan Jewellers witnessed a significant sell-off, with shares plunging **14%** to hit **Rs 390**. This marks the ninth consecutive session of decline for the stock. During this bearish streak, the scrip has corrected by approximately **25%**. The downward trend coincides with gold prices reaching record highs, creating headwinds for consumer demand. High metal rates often delay purchasing decisions, impacting volume growth across the sector. Contrasting with the stock performance, the company’s operational metrics remain strong. For Q3 FY2026, Kalyan Jewellers reported a revenue surge of **42%** year-on-year. This growth was driven by robust festive buying and expanded market share in international territories.