Motilal Oswal raises stake in Kalyan Jewellers, Coforge; Check shareholding details here

Domestic brokerage Motilal Oswal Financial Services has increased its stake in domestic jeweller Kalyan Jewellers and information technology (IT) services major Coforge Ltd after acquiring additional shares carrying voting rights. According to BSE data, the brokerage now holds a 7.56 per cent shareholding in Kalyan Jewellers and 9.29 per cent in Coforge after the acquisition of shares.

Shares of Kalyan Jewellers settled 1.63 per cent lower at ₹508.30 apiece on the BSE, while shares of Coforge settled 12.3 per cent higher at ₹7,387.20 apiece on the BSE. Kalyan Jewellers' share price has rallied 13 per cent in one month.

Motilal Oswal stake in Kalyan Jewellers, Coforge

According to stock exchange data, Motilal Oswal held 7,47,65,341 shares of Kalyan Jewellers, with a stake of 7.24 per cent. The brokerage acquired 32,52,097 shares, bringing its total shareholding to 7,80,17,438, with a stake of 7.56 per cent. The brokerage's equity share capital or total voting capital before and after the acquisition is 1,03,14,35,375 for a face value of ₹10 each.

For Coforge, Motilal Oswal held 55,80,134 shares at an 8.34 per cent stake. The brokerage acquired 6,34,752 shares, bringing its total shareholding to 62,14,886, with a stake of 7.56 per cent. According to BSE data, the brokerage's equity share capital or total voting capital before and after the acquisition is 3,45,89,341 shares for a face value of ₹10 each.

Coforge Share Price Trend

On Friday, shares of Coforge opened at ₹7,320.40 and gained three per cent to hit an intraday high of ₹7,535, against a 52-week high of ₹10,017.95. The IT services giant commands a market cap of ₹49,404.75 crore. Shares of Coforge have slumped 5.13 per cent in one month and 24 per cent year-to-date (YTD) and surged 48 per cent in one year.

Kalyan Jewellers Q4 Results

Kalyan Jewellers reported that its India operations saw a revenue increase of about 39 per cent annually in the March quarter, fueled by strong wedding-related demand. It also noted a solid same-store sales growth (SSSG) of around 21 per cent during the quarter. Kalyan Jeweller's stock is down 34 per cent year-to-date (YTD). However, the jewellery stock has rallied 25 per cent in one year.

Kalyan Jewellers opened 25 new showrooms across India during the March quarter, followed by three additional showrooms in the first week of April 2025. However, the digital-first jewellery brand Candere saw a revenue drop of approximately 22 per cent compared to the previous year. Kalyan noted that 14 new Candere showrooms were opened during the quarter under review.

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