Market movers: Kalyan Jewellers glittered on the bourses today!

Kalyan Jewellers, Gujarat Ambuja Exports and V.I.P. Industries rally in today’s volatile session.

The banking and realty sector lend support to the market today as most other sectors close in red territory. At the closing bell on May 11, the Sensex gave up 276 points or 0.5 per cent to close at 54,088.39, while the Nifty index lost 73 points or 0.5 per cent to settle at 16,167.10. 

 Kalyan Jewellers, Gujarat Ambuja Exports and V.I.P. Industries witnessed positive action in today’s session.  

Kalyan Jewellers India zoomed 8.70 per cent in today’s session and closed at Rs 63.75. The jeweller posted its financial results for the quarter and year ended on March 31, 2022. PAT in Q4 fell by 2.48 per cent to Rs 72.04crore from Rs 73.87crore on YoY basis. Net revenue for the quarter ended March 31, 2022, stood at Rs 2857.07crorewhich was down by 6.53 per cent on a YoY basis. The shares hit intraday high and low at Rs 67.30 and Rs 55.20, respectively. 

Gujarat Ambuja Exports Ltd witnessed a rally of 8.36 per cent in today’s session and closed at the day’s high of Rs 295. The share hit an intraday low at Rs 265.40. The company is the largest maize processing company in India, engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils.  

V.I.P. Industries witnessed a gain of 7.27 per cent in today’s session and closed at Rs 641.05 The stock logged its intraday high and low in today’s session at Rs 654.60 and Rs 568.05, respectively. V.I.P. Industries has been Asia’s largest and the world’s second-largest luggage manufacturer.