Kalyan Jewellers Stock Tumbles 12-14% Low in a Day Under Pressure: Buy the Dip or Stay Away?

- The crash continues, hitting a 19-month low and dropping 25% in two weeks. - The price fell below key support at INR 394–INR 398, and market experts are overall negative. - Kalyan's revenue numbers have remained strong over the last few quarters, giving it a breather.

Adepu Bindu

22 Jan 2026 — 3 min read

Kalyan Jewellers Stock Tumbles 12-14% Low in a Day Under Pressure: Buy the Dip or Stay Away?

Kalyan Jewellers is having a tough time on the stock market, and it's not just for one day (it has been sliding for a while now). On January 21, around 11:43 am, the stock was down 11.94% to INR 397.70 on the BSE. By 3:03 pm, it slid up a little to INR 398.75, which is 11.67% down, and still down.

It got even worse at one point, reaching about INR 389.1, which is 14% low. Interestingly, it is at a 19-month low and is concerning shareholders now. It is even pushed close to its 52-week low. What is most concerning is that, in just two weeks, the stock has fallen by 24–25%. So why is the stock performing poorly? Should you draw back your money, too? For that, learn more.

📉 Why Kalyan Jewellers Stock Fell Sharply?

Factor	What It Means (In Simple Words)	How It Affected the Stock
Weak overall market	The whole stock market was already falling	Pulled Kalyan shares down along with other stocks
Big investors selling	Mutual funds (14%) and FIIs (14%) are reducing their holdings	Heavy selling pressure pushed the price lower
Promoter caution signals	Promoters own ~62%, but some shares are pledged, and holdings changed slightly	Made investors more nervous during the fall
Past investor exits	Big investor Warburg Pincus had exited earlier	Reminded people of past selling, worsening sentiment
Technical breakdown	Price fell below key support near ₹394–₹398	Triggered automatic selling and stop-loss orders
Expensive valuation	The stock is priced higher than some competitors	Overpriced stocks fall more than the cheaper ones. Therefore, investors dumped it faster during market stress.
Ongoing downtrend	Stock had already been falling for days	Built-up pressure exploded into a sharp fall today

Did the Board Change at Kalyan Jewellers Cause the Fall?

Ms Kishori J. Udeshi, an independent director, left on Jan 16, 2026. However, it was because she completed her second full term, which is quite normal under the rules. And two new independent directors were appointed:

Ms Radhika Ramani and Mr C. R. Rajagopal were appointed on Jan 14, 2026. They both will hold office till Jan 13, 2031.
Ms Ramani brings experience in media, communications, and growth strategy.
Mr Rajagopal brings experience in finance, governance, and advisory roles.

Hence, these changes are positive and have no effect on the stock crash.

The company's revenue has been strong in recent quarters, and there are no reports of fraud, losses, or business collapse overall. External factors play a major role in the crash, rather than what's happening within the company. It looks just okay.

What Should You Do With Your Shares in Kalayan Jewellers?

Most technical analysts are negative at the moment as the price has passed its key levels and is trending down. However, here's what experts suggest you can do with your stocks for the short term, long term, and hold:

For the short term, avoid adding more, as the trend is down and the technicals are too weak.
If you already hold any, MarketsMojo, say 'Hold' as "the business isn’t bad, but the stock might not rally quickly either.”
From a long-term perspective, several view it as bullish (as of now), but that can depend on the company's performance in many quarters to come (with an improved market sentiment).

Final Thoughts...

The Indian stock market is crashing overall due to geopolitical tensions (Trump vs. Greenland, Denmark & Europe). That is evidently the case worldwide right now (Markets in the U.S. and Europe are also facing a sell-off). Kalyan Jewellers, on the other hand, has been performing poorly for a long time now, which is why the market is sceptical about the stock. Time shall reveal more about what will happen to the stock. For more updates on the same, keep in touch.