Manoj Vaibhav Gems N Jewellers' shares have witnessed an impressive 60% surge in just over a month since its debut on Dalal Street. The jewellery company, listed in October 2023, initially raised Rs 270.20 crore through its stake sale. Despite a shaky start with the stock dropping to Rs 202.05 on October 5, it has rebounded significantly.

On Thursday, the shares rose over 8% to Rs 322.10, pushing the company's market capitalization beyond the Rs 1,600 crore mark. Although the closing price settled at 312.40 on BSE, marking a 5% increase from the previous day's close, the overall trajectory indicates a positive trend.

Since its listing, Manoj Vaibhav Gems N Jewellers' stock has experienced a noteworthy 60% increase from its all-time lows and a 50% rise from its issue price of Rs 215. In the last week alone, the stock has seen a 25% surge. The surge in the jewellery stock is notably attributed to increased momentum ahead of the festive season.

The company's board is slated to convene on November 14 to discuss the results for the quarter and half-year ending on September 30, 2023. Manoj Vaibhav Gems 'N' Jewellers, also known as Vaibhav Jewellers, operates as a regional jewellery brand in South India since its incorporation in 2003. With a focus on gold, silver, and diamond jewellery, precious gemstones, and other products, the company caters to diverse economic segments in the micro markets of Andhra Pradesh and Telangana, spanning both rural and urban areas. Currently boasting 13 showrooms across 8 towns and 2 cities in these states, Vaibhav Jewellers continues to make a mark in the regional jewellery market.