Kalyan Jewellers' Stock Under Scrutiny Amid Motilal Oswal AMC's Clarification

Kalyan Jewellers India Ltd. (NSE: KALYANKJIL) has experienced notable stock volatility, with a 27% decline over the past 15 days.  This downturn coincides with allegations circulating on social media, accusing fund managers at Motilal Oswal Asset Management Company (AMC) of misconduct related to Kalyan Jewellers' shares. Motilal Oswal AMC has categorically refuted these claims, labeling them as "baseless and defamatory."  As of January 17, 2025, Kalyan Jewellers' stock closed at ₹501.50 on the NSE, reflecting a 7% drop from the previous close.  Investors are advised to monitor the situation closely, considering the company's strong performance, including a 39% year-over-year sales growth in Q3 FY25. 

Source: Moneycontrol, Tickertape, The Economic Times