Kalyan Jewellers shares surge 13% on multiple block deals

Kalyan Jewellers’ shares surged by nearly 13% to Rs 128.60 on Friday, buoyed by multiple block deals on the counter and strong buying action. The stock had over 52 lakh shares trading on the NSE by 9.30am. The company recently made key managerial appointments, including TS Anantharaman’s reappointment as Non–Executive Independent Director for three years, effective December 15. The stock has gained 15% in June, according to Trendlyne data, although its movement has been volatile recently.