Kalyan Jewellers shares stumbled 6.2% on Wednesday morning, hitting ₹677.55 on the BSE as investors took some chips off the table after an impressive Q3 performance update. The numbers were solid—a hefty 41% year-on-year revenue jump and a stellar 24% same-store sales growth, driven by robust festive and wedding demand across gold and studded jewellery categories. The company opened 24 new showrooms in India during the quarter, with even more launches in the pipeline for this year. Meanwhile, the Middle East operations held their ground with a 22% revenue growth, contributing 11% to the consolidated revenue. The digital-first brand, Candere, didn’t miss its moment either, posting an eye-catching 89% growth and rolling out 23 showrooms in Q3 alone. Even across the pond, Kalyan set up its first fully owned showroom in the US, marking a milestone. Despite today’s dip, the stock remains in a strong uptrend, making higher lows on the monthly chart and poised for a range breakout on the weekly scale. It’s hovering near its life-high territory and above short-term moving averages, with RSI momentum indicators suggesting further bullish moves ahead.