This company’s shares surges 19 percent amid rally in stock market – Check Details Here
GH News June 09, 2025 05:06 PM
Shares of Jaipur-based retail jeweller company Motisons Jewellers Ltd gained over 19 per cent outperforming the benchmark equity indices Sensex and Nifty which also saw a strong rally on Monday i.e. on June 9 2025. The counter started the session in green at Rs 17.11 against the BSEs previous close of Rs 16.98. It surged further to touch the intraday high of Rs 20.20 - a gain of 19.17 per cent from the closing price of the last trading session. The 52-week high of the counter is Rs 33.40 and the 52-week low is Rs 14. The market cap of the company is Rs 1946.28. On the NSE the stock started the session at Rs 17.15 and touched the intraday high of Rs 20.25. Stock has been gaining for the last four days and has risen 18.48 per cent in the period. It is trading higher than the 5-day 20-day 50-day and 100-day moving averages but lower than the 200-day moving averages. This consistent upward trend over the last four days indicates a positive sentiment among investors towards the stock. Strong Debut On Bourses Shares of Motisons Jewellers were listed on the bourses with a huge premium of 98 per cent. The stock made its debut at Rs 109 on the National Stock Exchange reflecting a massive jump of 98.18 per cent from the issue price of Rs 55. The initial public offer (IPO) of the company had received a good response from investors and was subscribed a whopping 159.61 per cent during the three-day subscription window. Stock Split In 1:10 Ratio In September last year the company announced a stock split of 1:10. Motisons Jewellers said the board approved the stock split to enhance the liquidity of the companys shares and make them more affordable for small investors.
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