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Standout Brokerage Report: Citi initiates coverage on Kalyan Jewellers, here’s why

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CitiGroup has initiated a coverage on Kalyan Jewellers with a target price of Rs 100.

CitiGroup has initiated a coverage on Kalyan Jewellers with a target price of Rs 100.
According to the firm, the stock is trading at a reasonable valuation.
The stock is attractive given it is trading at less than one-time sales, nine times EBITDA and close to 22 times of FY23 earnings estimates.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.

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Currency

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Dollar-Rupee74.3050-0.0350-0.05
Euro-Rupee88.25700.02100.02
Pound-Rupee103.26600.05500.05
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