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Kalyan Jewellers pegs strong festive demand after Q2 results, UBS sees stock at ₹900

Reported by: CNBC TV18 ·

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Kalyan Jewellers India

Summary

CNBC TV18 reported that Kalyan Jewellers expects strong festive demand after its Q2 results. Q2 is the July to September quarter, the second quarter of India's financial year. UBS called the results in-line, meaning close to what it had expected, and viewed the quarter positively. This is the analyst's view, not Hypeless's. The headline gives no profit, revenue or sales figures for the quarter.

AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18

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CNBC TV18  · · Tone +1

Kalyan Jewellers pegs strong festive demand after Q2 results, UBS sees stock at ₹900

UBS has maintained its "buy" rating for Kalyan Jewellers with a price target of ₹900. In its initial assessment of the results, UBS called the results in-line, but viewed the quarter positively.

Some headlines quote an analyst. Those views are theirs, not ours.

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

    Learn: How to read a company's results

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