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The fruit harvesting machinery business had been in operation for more than four decades

A Somerset fruit machinery business that once supplied the royal household has been rescued from administration, saving 15 jobs. SFM Technology had collapsed owing to cashflow difficulties, but has now been acquired by Bramley Precision Aerospace, which has bought its assets, goodwill and intellectual property.

The well-established engineering company had been operating for four decades and will continue trading from its current Martock premises.

Its roots date back to 1985 when it was established as Somerset Fruit Machinery, designing and manufacturing bespoke fruit harvesting equipment for apple and blackcurrant producers.

Its new owner say its foundation in practical, high-quality agricultural engineering enabled the firm to build a respected reputation in the fruit harvesting industry, with machinery and specialist support delivered to clients in the UK and internationally.

In 2012, SFM Technology was granted a Royal Warrant for the supply of fruit harvesting machinery to the royal family, “reflecting the quality and standing the business had achieved”.

The firm later diversified into aerospace and advanced manufacturing, applying its design and fabrication knowledge to specialist precision engineering sectors.

Over the years, SFM developed sophisticated capabilities across CAD design and prototyping, CNC machining, laser and waterjet cutting, welding, fabrication, 3D printing and complex assembly work, reports Somerset Live.

The business has served national and international aerospace and defence firms, as well as clients in advanced manufacturing and specialist engineering. Its expertise and highly skilled workforce made it an appealing prospect for Graham and Emma Bramley, who operate a thriving manufacturing firm, Bramley Engineering.

The family-run enterprise designs and manufactures bespoke cranes and lifting equipment for utilities, transport and civil engineering companies, and will now operate under two distinct brands: Bramley Aerospace for advanced aerospace engineering, and Bramley Harvesting for its specialist fruit harvesting machinery division.

Graham Bramley, managing director of Bramley Aerospace, said: “Businesses like SFM are built on people, skill and years of experience. When we looked at SFM, we saw a proud Somerset engineering business with a remarkable history, a talented team and real potential for the future.

“Our priority is to keep work moving for customers and give the team in Martock the confidence to look forward again.”

Director Emma Bramley added: “We understand what it takes to run a specialist engineering business, and we also understand the responsibility that comes with protecting skilled jobs and long-standing customer relationships.

“SFM has a remarkable story, from its origins in fruit harvesting machinery through to advanced aerospace and manufacturing work. We are proud to be able to carry that story forward as Bramley Aerospace, while keeping the business rooted in Martock. Local customers and supply chains matter to us and we will be seeking to establish strong relationships in Somerset whilst also supporting the local economy.”

Bramley says it will now concentrate on stabilising the business, supporting existing clients, forging relationships with suppliers, and pursuing new opportunities across aerospace and broader specialist engineering. The firm is also exploring recruitment prospects as part of its development plans for the Martock site.

Mr Bramley added: “We want customers to know that the capability they relied on is still here. We want staff to know that their skills are valued. And we want Somerset to know that an important piece of its engineering history has been saved.

“Our focus now is on giving the Martock operation the support it needs, building on SFM’s strengths and creating a positive future for everyone connected to the business.”

As part of its ambitions to grow the Martock site, Bramley Aerospace is currently seeking to fill positions including an office manager, CNC operative and a design manufacturing manager, while also welcoming enquiries from skilled individuals with specialist manufacturing expertise regarding potential future roles.

The stock climbed to Rs 531 apiece, taking the jewellery retailer’s market capitalisation to over Rs 54,800 crore. The sharp rally, which has added nearly one-third to the company’s market value, was sparked by its stronger-than-expected Q1 business update released last week.

Kalyan Jewellers Q1 business update

Kalyan Jewellers last week said that the April-June quarter of the ongoing financial year 2027 was a “very satisfying one” as it recorded consolidated revenue growth of nearly 38% when compared to the same period in the previous financial year. The gold jewellery maker’s 38% revenue growth came despite the 28-day Adhik Maas period falling fully in the recently concluded quarter, when several customers typically avoid gold purchases.

Read More: From Kalyan Jewellers’ 52-week high to Trent’s reality check: LKP Securities’ top trading ideas

The company also posted same-store sales growth of approximately 28%. The share of recycled gold as a percentage of revenue rose to over 46% during Q1 FY27. For June, the share of recycled gold as a percentage of revenue was in excess of 55%.

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The international operations recorded revenue growth of approximately 35% year-on-year (YoY) in Q1 FY27. “Within the Middle East specifically, we witnessed revenue growth of approximately 30% for Q1 FY27 as compared to Q1 FY26, driven predominantly by same-store sales growth despite the impact on footfall during April due to the geopolitical tensions in the region,” it added.
Kalyan launched 12 showrooms and 5 Candere showrooms in India during the quarter under review. “The ongoing quarter has started well, and we are upbeat about the new showroom launches, gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country,” the company added further in a statement.

Should you buy Kalyan Jewellers shares now?

Kalyan Jewellers shares have broken out above a downward-sloping trendline, while continuing to trade above all its key short- and long-term moving averages on the weekly chart, reinforcing the strength of the prevailing uptrend, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.The RSI has also registered a breakout above its own downward-sloping trendline on the weekly timeframe, indicating a clear shift from bearish to bullish momentum, he said, adding that the widening gap between the DI+ and DI− lines reflects strengthening buying interest and confirms that bulls remain firmly in control.

Another encouraging sign is that the stock has closed above the upper Bollinger Band in each of the last four trading sessions, a characteristic often observed during the early stages of a strong trending move, Shah explained. “From a technical perspective, the 475–470 zone is expected to act as a strong support. As long as the stock sustains above this zone, the trend is likely to be bullish with the potential for further upside,” he added.

Also read: From Kalyan Jewellers’ 52-week high to Trent’s reality check: LKP Securities’ top trading ideas

What lies ahead for Kalyan Jewellers shares?

After the Q1 business update, brokerages issued bullish calls for the shares of Kalyan Jewellers. Citi believes the stock has the potential to rise to Rs 750 apiece. This implies an upside potential of nearly 47% from the stock’s previous closing price of Rs 510.65 apiece. The international brokerage expects the company’s franchise-led expansion strategy to continue supporting revenue growth. It also believes the company’s asset-light model will aid deleveraging and improve return on capital employed (ROCE).

ICICI Securities, meanwhile, maintained a Buy rating on the stock with a target price of Rs 670, implying an upside of more than 31%. The brokerage said Kalyan Jewellers’ strong Q1 FY27 performance despite multiple headwinds reflects resilient underlying jewellery demand.

It believes continued store expansion and the ongoing formalisation of the jewellery industry reinforce its positive outlook, although it cautioned that any structural decline in natural diamond prices remains a key risk.

Kalyan Jewellers share price

Kalyan Jewellers shares have jumped 50% in one week and 54% in one month. The stock is up nearly 10% in 2026 so far.

In the longer term, the shares of the jewellery-maker have fallen more than 9% in one year, but delivered 191% returns over three years and 598% in five years.

Also read: Kalyan Jewellers stock to double from here? Why analysts are bullish

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

ShelterBox has been based in Truro city centre for the last decade

An international disaster relief charity based in Cornwall is moving to new Truro headquarters after more than a decade. ShelterBox will relocate its team from Falcon House in the city centre to Osprey House, on Malpas Road, by the end of the month.

Chief Executive Sanj Srikanthan said the decision to move comes as the way the charity works “continues to evolve”.

“Cornwall has always been our home, and that’s not changing,” he said. “We’ve adapted to staff preferences for greater work–life balance with more staff working remotely than ever before.

“As our 10‑year lease comes to an end, we’re taking the opportunity to move to an office that better suits how we work today and means we can focus more of our resources on supporting families after disaster.”

ShelterBox was founded in Helston in 2000 by the Rotary Club of Helston-Lizard. The initial idea was to help eight to 10 families a year, with each box containing a family-sized tent, sleeping bags, water purifying tablets, trenching tool and pots and pans.

In 2003, it became a registered charity and since then has supported more than three million people across some 100 countries with shelter and essential items such as water filters, solar lights, blankets and mosquito nets.

The charity has just launched an urgent appeal to support those impacted by the devastating double earthquakes that struck Venezuela on June 24.

“The level of destruction has been significant,” the charity said. “There has been extensive damage to buildings, homes, and hospitals, leaving tens of thousands of people without shelter. ShelterBox is working with local partners to carry out rapid needs assessments to understand what communities need.”

ShelterBox is also helping people in the Philippines, Lebanon, Syria and Sudan.

In recent years, the charity has changed from packing supplies in a warehouse in Helston to pre‑positioning aid around the world and increasing its database of approved suppliers and pipelines.

“By storing aid closer to the communities that need it and working with local partners, ShelterBox can operate more efficiently and support more people,” the charity said.

Dave Raybould, emergency coordinator, said it was “becoming harder to predict” when and where disasters might happen and that crises were becoming “more complex”.

“At ShelterBox, our focus on prioritising localisation and preparedness work over the last decade has put us in a strong position to navigate these challenges,” he said.

“By continuing to establish and strengthen strong relationships with local partners and preposition aid in more key locations around the world, we will have the best chance of reaching people quickly when disaster strikes.”

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This article was written by

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.