Kalyan Jewellers share price jumps over 7% after Motilal Oswal AMC clarification on ‘bribery’ allegations Kalyan Jewellers stock price hit an all-time high of ₹794.60 apiece on January 2, 2025. However, the stock has corrected 36.86% from the high. The fall comes despite Kalyan Jewellers India denying.
Kalyan Jewellers Share Price Surges After Motilal Oswal AMC Clarification
Kalyan Jewellers has recently experienced a notable surge in its stock price, jumping over 7% following a clarification from Motilal Oswal Asset Management Company (AMC) regarding allegations of bribery. This positive development has brought some relief to investors after the company’s shares witnessed a significant downturn.
Stock Performance Overview
On January 2, 2025, Kalyan Jewellers shares reached an all-time high of ₹794.60 per share. However, since that peak, the stock has faced a correction of 36.86%, raising concerns among stakeholders. The company’s management has firmly denied any wrongdoing, asserting that the allegations are baseless and without merit.
Motilal Oswal AMC’s Statement
The recent clarification from Motilal Oswal AMC has played a pivotal role in boosting investor confidence. The asset management firm stated that it had no association with any alleged misconduct, which has helped to dispel fears surrounding the company’s reputation and operational integrity.
Investing in Kalyan Jewellers
As Kalyan Jewellers continues to navigate these challenges, potential investors may find this moment an opportune time to evaluate the stock. With the recent price surge, it is crucial for investors to conduct thorough research and consider market trends before making investment decisions.
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Conclusion
The recent developments surrounding Kalyan Jewellers’ stock price and the clarification from Motilal Oswal AMC highlight the dynamic nature of the market. As the company works to restore investor confidence, keeping an eye on market trends and leveraging platforms like Looffers.com can provide valuable support for smart financial decisions.
