Graviton Profits Rs 15 Lakh on Kalyan Jewellers Amidst 13% Stock Drop

• Graviton Research, a Gurgaon-based HFT firm, traded Rs 213 crore worth of Kalyan Jewellers shares on January 21, making a profit of Rs 15 lakh.
• This profitable trade occurred despite a 13% fall in Kalyan Jewellers' stock, causing losses for many retail traders.
• Graviton bought 52.33 lakh shares at Rs 407.03 and sold them at Rs 407.13, as per NSE block deal data.
• Graviton's single trade accounted for approximately 80% of Kalyan Jewellers' total trading volumes that day, impacting price movement.
• Kalyan Jewellers, with a market cap of Rs 41,000 crore, saw its stock fall without clear triggers, while benchmark indices also closed lower.

Why It Matters: Graviton Research made a significant profit on Kalyan Jewellers shares despite a sharp stock decline.