An analyst cuts Kalyan Jewellers share price target after the stock falls 45% from peak

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The management said that the demand trend continues to remain strong despite recent run-up in gold prices. The company expects to add 30 Kalyan stores in India during the fourth quarter of FY25, and 90 stores in FY26, with Letters of Intent (LOIs) already signed for expansions planned until the first half of FY26.

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