47% rally in 4 days! Kalyan Jewellers shares rise another 10%. Should you book profit?

Kalyan Jewellers shares surged another 10%, extending a 47% rally in four days, after the company reported an estimated 38% year-on-year growth in consolidated revenue for Q1FY27. The jewellery retailer attributed the strong performance to healthy operating momentum and robust same-store sales growth across key Indian markets, despite the once-in-three-years Adhik Maas period falling in the quarter. Citi has set a target price of Rs 750 while ICICI Securities has a target of Rs 670, implying upside of 58% and 41% respectively, both with Buy ratings.