Why did Kalyan Jewellers share price crash 14% today? 

Synopsis: Kalyan Jewellers India Ltd fell sharply by 14%, with selling pressure continuing, extending its eighth consecutive loss. The shares crashed due to persistent technical and fundamental reasons including selling pressure, mutual fund stake trimming, and more.

The shares of this company, which designs, manufactures and sells a range of gold, studded and other jewellery products across various price points and is one of the largest jewellery retailers in India, had its shares in the news following a steep crash of 14%; here are the few reasons for the crash. 

With the market cap of Rs 41,099 crore, the shares of Kalyan Jewellers India Ltd have crashed about 14% and reached a low at Rs 390, compared to their previous day’s closing price of Rs 451.60. The shares have given a return of over 448% since its listing

Few Reasons for the share fall

Kalyan Jewellers India Ltd fell sharply by 14%, with selling pressure continuing, extending its eighth consecutive loss.

When the stock fell by 22% in just eight sessions, it showed the stock has considerable selling pressure, as the stock has been falling in 10 out of the 13 sessions in 2026. It usually triggers stop-loss hunting and panic selling in the stock.

Another significant constraint contributing to market sentiment is institutional selling of stakes. The disappearance of Sundaram Midcap Fund as a public shareholder in the current list, as compared to 1.02% in December 2024, raises either a significant sale or complete withdrawal. Mutual fund selling activities are closely followed by the market, and any part sale raises significant concerns about visibility in near-term growth as well as valuation.

Finally, the stock’s dismal medium-term performance has perpetuated bearish sentiment. Including the latest fall, Kalyan Jewellers is down 18% in the last year despite broader market participation in select consumer names. Continuous price erosion,  prominent MF stake reduction, and lack of immediate positive triggers have led investors to reassess risk aggressively, which finally resulted in aggressive sell-offs and the sharp 13% fall.

Intraday deal data for Kalyan Jewellers India Ltd on 21st January 2026 depicts multiple significant NSE transactions in a matter of minutes, with four sales amounting to over 8 lakh shares and a cumulative transaction value of around Rs 39 crore, performed around prices of Rs 406-Rs 407.

This kind of mass transaction in a falling market is normally an indicator of institutional buying/selling, and hence, this kind of transaction also contributed to the stock crashing, although it cannot be definitively said that it is an exit due to panic or is an occasion of rebalancing of portfolios since there is no information about the identity of the buyer/seller in these mass sales.

Financials 

The revenue from operations for the company stood at Rs 7,856 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 6,065 crores, up by about 29 per cent YoY. Similarly, the net profit stood at Rs 261 crore in Q2 FY26, up compared to the Rs 130 crore profit in Q2 FY25.

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