RBZ Jewellers shares have displayed a consistent upward trend since their listing on the BSE and NSE on December 27, 2023. Following a par listing, the stock garnered significant buying interest on the listing date, hitting the 5% upper circuit on both exchanges. Today, in the first trading session of the New Year 2024, RBZ Jewellers' share price opened higher, once again touching the 5% upper circuit at ?121.50 per share on the NSE. Remarkably, the jewellery stock has consistently hit the 5% upper circuit in all four sessions since its listing, swiftly becoming one of the circuit-to-circuit stocks in the Indian stock market within just four days.

Arun Kejriwal, Founder at Kejriwal Research and Investment Services, commented on the trade-to-trade category of RBZ Jewellers shares, emphasizing the expectation of it being a circuit-to-circuit stock due to its lower size and the 5% circuit band. Kejriwal noted that the stock hits the upper circuit even at small trade volumes.

RBZ Jewellers' IPO, launched in December with a price band of ?95 to ?100 per equity share, saw three days of bidding from December 19 to December 21, 2023. The shares were eventually listed on both BSE and NSE at ?100 apiece. Despite facing selling pressure and touching an intraday low of ?96 on NSE and ?95 on BSE immediately after listing, RBZ Jewellers attracted buying interest at lower levels, resulting in a sharp upside movement and consistent 5% upper circuit performance.

In summary, RBZ Jewellers shares have provided a substantial 21.50% return to allottees who maintained their investments despite the par listing challenges on Dalal Street.