RBZ Jewellers Ltd Share Price – NSE  /  BSE

Diamond, Gems and Jewellery, Small Cap

Net profit of RBZ Jewellers rose 14.33% to Rs 6.78 crore in the quarter ended December 2023 as against Rs 5.93 crore during the previous quarter ended December 2022. Sales rose 25.31% to Rs 115.80 crore in the quarter ended December 2023 as against Rs 92.41 crore during the previous quarter ended December 2022.

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RBZ Jewellers will hold a meeting of the Board of Directors of the Company on 5 February 2024.

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Manaksia Steels Ltd, Manaksia Aluminium Company Ltd, Kalyani Steels Ltd and Quick Heal Technologies Ltd are among the other gainers in the BSE's 'B' group today, 11 January 2024.

RBZ Jewellers Ltd spiked 19.98% to Rs 211.05 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 5.87 lakh shares were traded on the counter so far as against the average daily volumes of 1.99 lakh shares in the past one month.

Manaksia Steels Ltd soared 19.17% to Rs 61.6. The stock was the second biggest gainer in 'B' group. On the BSE, 11.54 lakh shares were traded on the counter so far as against the average daily volumes of 35408 shares in the past one month.

Manaksia Aluminium Company Ltd surged 19.07% to Rs 31.9. The stock was the third biggest gainer in 'B' group. On the BSE, 2.71 lakh shares were traded on the counter so far as against the average daily volumes of 17738 shares in the past one month.

Kalyani Steels Ltd rose 18.18% to Rs 614.3. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.78 lakh shares were traded on the counter so far as against the average daily volumes of 17165 shares in the past one month.

Quick Heal Technologies Ltd jumped 13.49% to Rs 416.5. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.31 lakh shares were traded on the counter so far as against the average daily volumes of 98249 shares in the past one month.

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The scrip was listed at Rs 100 matching the issue price.

So far, the stock has hit a low of 95. On the BSE, over 1.15 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of RBZ Jewellers was subscribed 16.86 times. The issue opened for bidding on 19 December 2023 and it closed on 21 December 2023. The price band of the IPO was fixed at Rs 95-100 per share.

The offer consisted only fresh issue of 1,00,00,000 equity shares. Out of the proceeds from the fresh issue, Rs 80.75 crore will be used towards working capital requirements and the balance towards general corporate purposes.

RBZ Jewellers manufactures gold jewellery in India, specializing in antique bridal gold jewellery and distribute to reputable nation-wide retailers and significant regional players in India. The company holds approximately 1% of total organized wholesale gold jewellery market in India and has a history of more than fifteen years in the jewellery industry. The company also exports its jewellery to the Middle East region.

The firm reported a net profit of Rs 12.09 crore and total sales of Rs 125.46 crore for the six months ended on 30 September 2023.

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