Inventory to look at tomorrow: Mumbai-based asset supervisor Motilal Oswal Asset Administration Firm (AMC) issued a clarification on its investments in jewelry maker Kalyan Jewellers on Sunday, January 19.
The fund home denied the allegations over its fund managers being concerned in a bribery scheme to fill up on the shares of Kalyan Jewellers, calling them “baseless, malicious, and defamatory allegations circulating on social media” towards the fund home.
“We categorically deny the baseless, malicious, and defamatory allegations circulating on social media towards MOAMC and its officers. These baseless accusations are a deliberate try by people with vested pursuits to malign the great fame that our agency and management have constructed over many years,” stated Motilal Oswal within the official assertion.
The fund home additionally stated that these assaults on the corporate’s integrity are fully unacceptable to the asset supervisor.
“Such baseless assaults on our integrity are fully unacceptable to us. Motilal Oswal Monetary Companies (MOFSL) has a legacy of practically 4 many years of working with moral practices and transparency,” they stated.
The corporate urged shareholders “to not imagine these baseless and unethical makes an attempt to unfold misinformation,” assuring them that the AMC will take all crucial measures to guard its fame and its belief and confidence from buyers.
Kalyan Jewellers’ share worth
Kalyan Jewellers India Restricted shares closed 6.93 per cent decrease at ₹501.65 after Friday’s market session, in comparison with ₹539 on the earlier market shut.
The corporate’s inventory hit its 52-week excessive at ₹794.60 on January 2, 2025, whereas the 52-week low degree was at ₹322.05 on February 1, 2024, in line with BSE information. Kalyan Jeweller’s market capitalisation stands at over 50,000 crore as of the market shut on January 17.
The corporate’s inventory has given buyers greater than 560 per cent returns within the final 5 years, and over 37 per cent returns previously 12 months. Yr-to-date (YTD), the shares have misplaced 35 per cent in 2025.
Disclaimer: The views and proposals above are these of particular person analysts, specialists, and brokerage corporations, not Mint. We advise buyers to seek the advice of licensed specialists earlier than making any funding choices.
