Kalyan Jewellers India share price jumps over 36% in three days. Buy, sell or hold?

Kalyan Jewellers India shares surged over 8 percent on Friday, extending a three-day rally of more than 36 percent with one-month gains exceeding 41 percent, driven by heavy volumes of around 8 crore shares against a one-week average of 4 crore. The rally followed a strong Q1FY27 business update showing about 38 percent YoY consolidated revenue growth, with India operations growing over 38 percent (SSSG of about 28 percent), international operations around 35 percent, Middle East about 30 percent, and digital platform Candere clocking around 112 percent growth. Citi reiterated its Buy rating with a target price of Rs 750 even though Q1 revenue growth was below its estimates, citing franchise-led expansion and Candere momentum as key growth drivers.