Shares of Kalyan Jewellers India Ltd tumbled sharply on Wednesday, January 21, extending a prolonged slide and hitting a 19-month low amid heavy volumes. The stock fell nearly 14 percent intraday to Rs 389.1 before recouping some losses. It was trading down 11 percent at Rs 401.6 on NSE in the early afternoon session. Kalyan Jewellers’ shares are down 17.6 percent over the past year, markedly underperforming the broader market.
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