Kalyan Jewellers is shining, but the valuation is pricey
Source: Live Mint Shares of Kalyan Jewellers India Ltd are down 7% since its September quarter (Q2FY25) results were out on Wednesday during market hours. Sure, a cut in customs duty on gold imports to 6% from 15% pushed customer footfalls higher, boosting sales during the quarter. But the duty reduction also meant an inventory…