Shankesh Jewellers hits ₹116 record high, up 18% intraday
Newly listed jewellery retailer Shankesh Jewellers climbed as much as 18% to a record ₹116, extending its gain to 22% across three sessions. The stock is now 25% above its ₹93 issue price, even as the Sensex fell about 1%.
What happened
Newly listed Indian jewellery retailer Shankesh Jewellers rose as much as 18% to a record ₹116 despite a weak market, extending its three-session gain to 22%
Key facts
- 18% intraday surge
- Record high of ₹116
- 22% cumulative gain over three sessions
- 25% gain from ₹93 issue price
What changed
Newly listed Indian jewellery retailer Shankesh Jewellers rose as much as 18% to a record ₹116 despite a weak market, extending its three-session gain to 22% and trading 25% above its ₹93 issue price.
Why this matters
Shankesh Jewellers reached ₹116 after an 18% intraday jump, putting it 25% above its ₹93 issue price despite a weaker Sensex and highlighting strong early momentum alongside elevated volatility risk.
What to watch
- Closing price and volumes over the next 3-5 sessions
- Ability to hold above ₹110 and then ₹100 support
- Daily delivery percentage versus intraday speculative turnover
- Gold-price movement and consumer demand indicators
- Quarterly sales growth, gross-margin trend and new-store additions