Master Capital Services said that Cummins India is exhibiting a bullish continuation setup after breaking out of a classic flag and pole pattern, indicating resumption of the prior uptrend.
MOFSL said Coforge shares are currently pricing in an extreme bear-case scenario. It said demand momentum for Kalyan remained strong despite a sharp rise in average gold prices in Q4.
At last check on Wednesday, Kalyan shares were down 1.57% to Rs 414.20 apiece on BSE, while Titan stock edged up 0.27% to Rs 4247.95 per share.
The Thrissur-based jeweller, in its response, said, "We are not aware of any further information that has not been informed to the exchanges."
The India operations recorded an SSSG of 27 per cent. The company added 21 new showrooms in India during the quarter.
Meanwhile, on the MCX, gold futures prices witnessed a sharp recovery from their day’s lows. The yellow metal revived from a low of Rs 1.38 lakh per 10 grams to trade around Rs 1.49 lakh per 10 grams.
Kalyan Jewellers India shares slipped as much as 1.7 per cent on the BSE, touching the day’s low of Rs 355.15 in early trade. Meanwhile, the Tata Group-backed Titan Company stock was down 0.99 per cent to Rs 3,937.95.
Kalyan Jewellers: The Kerala-based jeweller is scheduled to announce its third-quarter (Q3 FY26) earnings next month on February 6.
The brokerage highlighted that store expansion during the quarter was marginally ahead of expectations. According to JM Financial, "Store addition above estimates: Kalyan (India) added 21 stores in India and closed 3 stores during Q3 (net 18 store addition; Total Stores – 318). We expected 20 net stores additions."
Technically, the stock traded above the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs).
kalyan Jewellers India said its India operations witnessed revenue growth of approximately 31 per cent in Q2 FY2026 versus Q2 FY2025, led by robust wedding demand and a strong start to the festive season.




