Kalyan Jewellers shares plunge 40 percent wiping out Rs 27000 crore wealth buy sell or hold

Prime Minister’s gold pause and duty hike hit hardest

Kalyan Jewellers shares have fallen more than 40% from their peak, cutting into investor wealth by about Rs 27,000 crore. The drop comes after Prime Minister Narendra Modi asked people to pause gold purchases and the government raised import duties. Analysts cite policy headwinds plus technical weakness as the stock struggles to stabilize.