Kalyan Jewellers' stock opened higher at Rs 109.30 against the previous close of Rs 108.65 on BSE. Later, the stock touched an intraday low of Rs 104, losing 4.28% against the previous close on BSE.
Kalyan Jewellers reported an 18% increase in overall revenue, to Rs 33.82 billion, helped by new showroom launches outside of its core markets in south India.