Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why

Jefferies has reiterated a Buy rating on Kalyan Jewellers, setting a base target of Rs 830 and a bull-case target of Rs 1,000, implying a 76% upside. The brokerage highlighted market-share gains, store additions, and structural shifts to organised retail as primary long-term growth triggers for the stock.