Heavy buying: Back-to-back 20 per cent upper circuit in this small-cap jewellery stock; hits fresh 52 week high!
Shares of the company have gained more than 80 per cent in the last one month.
Shares of Motisons Jewellers Limited were locked in the upper circuit on Wednesday, gaining 20.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained about 80 per cent in the last 7 trading sessions. The stock also made a fresh 52-week high on Wednesday.
Recently, Motisons Jewellers raised Rs 151 crore through a fresh issue of 2.75 crore shares in December 2023. The IPO, priced between Rs 52 and Rs 55 per share, attracted strong investor interest and was subscribed nearly 160 times. Shares debuted on BSE and NSE on December 26, 2023.
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Motisons Jewellers Limited, established in October 1997, sells gold, diamond, and Kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum, and other metals.
The company offers a wide range of products including traditional, modern, and combination designs in various jewellery lines. These products are suitable for special occasions such as weddings and celebrations as well as for everyday use, for all ages and genders, and in different price ranges. The company offers a wide range of jewellery products with over 300,000 designs in gold, diamonds, and other materials at different price points.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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