Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company’s market value, as analysts continued to see further upside.

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%.

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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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.

Shares of Just Dial rallied another 14% to Rs 770 on the BSE on Tuesday, extending their post-earnings surge to 36% in just two days after the company reported robust results for the first quarter of FY27. The stock hit the 20% upper circuit in the previous session.

The company’s net profit was Rs 166.2 crore, up 4.1% year-on-year, while revenue rose 9.9% YoY and 6.6% sequentially to Rs 327.5 crore.

The company’s EBITDA stood at Rs 87.4 crore, up 1.1% from a year ago, with EBITDA margin remaining healthy at 26.7%. During the quarter, traffic measured by quarterly unique visitors stood at 192.9 million users. As of June 30, 2026, the company had cash and investments worth Rs 6,022.1 crore on its balance sheet.

Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries, held a 63.84% stake in Just Dial as of March 31, 2026, according to the company’s latest shareholding pattern.

Also read: Just Dial CEO VSS Mani to step down; former Flipkart executive Dinkar Ayilavarapu named successor

Citi, Kotak, ICICI Securities see massive upside

With a target price of Rs 930, the brokerage forecasts another 36% upside from current market levels. Citi raised its revenue estimates for Just Dial by 4% for FY27 and 6% for FY28, driven by faster-than-expected growth supported by salesforce additions and the company’s Q1 performance.

However, Citi said it would wait for sustained investments and greater clarity on the company’s renewed B2B go-to-market strategy before turning more constructive on growth beyond FY27. It also expects near-term investments to increase and has lowered its EBITDA margin estimates to 28% for FY27 and 29% for FY28, from 29% and 31%, respectively. Despite the margin revision, Citi said its EBIT estimates remain largely unchanged.
Analysts at Citi value the stock at an ex-cash P/E of 6x March 2028E earnings, representing a 65% discount to its five-year average P/E of 18x as well as to India’s benchmark index. Citi cautioned that while the company continues to deliver revenue growth, supported by higher paid campaigns and better realisations, a sustained decline in traffic remains a key risk and could eventually weigh on both metrics.Read more:This Ambani-owned stock’s market cap slips below cash balance. Is it a deep value pick?

Kotak on Just Dial

Kotak Institutional Equities reaffirmed its Buy call and a target of Rs 1,110, predicting a massive upside of 62% from current levels. The brokerage raised its FY27-29 revenue estimates by 2-3% to reflect better billings growth, while also increasing its cost assumptions to account for higher employee and advertising expenses. It noted that the company is currently focused on its core business, with minimal emphasis on new initiatives.

Kotak continues to value the stock at 11x June 2028E core P/E, to which it adds the value of cash, to arrive at its fair value of Rs 1,100. It added that any move by the company to return cash to shareholders could act as a key trigger for the stock.

ICICI Securities cuts Just Dial target price

While maintaining its Buy rating on Just Dial, the brokerage slashed its target price to Rs 825 from Rs 968. The brokerage values the stock at 3x one-year forward EV/EBITDA and 12x one-year forward EPS (FY28E).

It said the key downside risks include the lack of clarity on cash distribution in the near term and slower growth in paid campaigns and listings. On the other hand, ICICI Securities believes improved visibility on returning cash to shareholders and stronger-than-expected growth in paid campaign conversions could act as key upside triggers for the stock.

Just Dial is a leading local search platform in India, offering search and discovery services. Just Dial shares are up 5% on a YTD basis. In the last one year, the stock has fallen 19%.

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

The boss of Exacta Group said the peformance reflected the ‘strength of the team’

A Bristol technology company that builds servers has reported “remarkable” turnover for the first half of the financial year. Revenues at Exacta Group stood at £22.2m for the first six months of 2026, almost matching the firm’s entire 2025 revenue.

A further £17.5m is already secured in its H2 order book, the Emersons Green group said, meaning it has either delivered or secured nearly £40m of revenue for 2026, exceeding an original target of £28m.

The business, which is the owner of Exacta Technologies and Blackcore Technologies, has also grown to 84 employees and is now on track to almost double in size year on year.

To support its expansion, Exacta has appointed Jo Kerly as head of operations at Exacta Technologies to oversee day-to-day operations.

David Osmond, chief executive of the Exacta Group, said: “To generate almost the same level of revenue in six months as we achieved across the whole of 2025 is a remarkable achievement for the group.

“This performance reflects the strength of our team, our relationships with customers and the growing demand for high performance infrastructure.

“With a strong order book already secured for H2, we are entering the second half of the year with real confidence.”

Elsewhere, Exacta has recently agreed to a series of sporting partnerships with local clubs. The group has signed a two-year deal to become Bristol City FC Academy’s front-of-shirt sponsor across all age groups, from Under 9s to Under 21s. It was also the sleeve sponsor of the men’s first team for the 2025-26 season.

The firm has also agreed to become front-of-shirt sponsor for the men and women’s first teams at Clevedon Town FC.

“These partnerships reinforce the Exacta Group’s commitment to grassroots sport, youth development and community engagement,” the company said.

The first-half results place Exacta Group on course for its strongest year on record, the business said.

“These financial results, alongside the sporting and charitable partnerships, reflect both the Exacta Group’s international success and pioneering local support for Bristol and the wider community,” the company added.