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.
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(Edited by : Dipika)
First Published: IST