Kalyan Jewellers Flags Market Manipulation to SEBI, Seeks F&O Suspension

• Kalyan Jewellers has approached SEBI alleging unfair and manipulative trading practices in its stock.
• The company observed unusual trading patterns and circulation of unverified rumors aimed at triggering panic and exerting downward pressure on share price.
• Kalyan Jewellers claims its stock was targeted with aggressive short positioning and coordinated selling after its inclusion in the F&O segment.
• The company's share price fell by about 41% from Rs 745 to Rs 440.65 between January 6 and January 30, 2025, with market cap declining by over Rs 31,000 crore.
• Kalyan Jewellers has urged SEBI to suspend trading in its F&O contracts as a precautionary measure to protect investors and market integrity.