Kalyan Jewellers Shares Surge 9%; MOFSL Predicts 42% Upside
Kalyan Jewellers India Ltd shares surged 9.31% on Friday, driven by robust December quarter results
The Indian Jewellery market has grown from USD 50b in FY18 to USD 80B in FY24
Motilal Oswal Financial Services Ltd (MOFSL) suggest that the size of the Indian jewellery retail sector was close to USD80b (INR6,400b) in FY24
Gold prices may touch Rs 42000 by December on account of geopolitical uncertainties
The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geopolitical uncertainties and possible year-end squaring of positions in equities boosting appeal for safe-haven gold
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