There has been a tremendous rise in the shares of the jewellery company Motisons Jewellers. The company’s shares rose by more than 7 percent on Thursday to reach Rs 253.85. Motisons Jewellers’ shares also made a new 52-week high on Thursday. In the last 9 months, the company’s shares have increased from Rs 55 to above Rs 250. In the last 5 days, Motisons Jewellers’ shares have seen a rise of more than 24 percent. At the same time, the company’s shares have jumped by about 50 percent in a month.
The company’s IPO came at Rs 55, now the shares are above Rs 250
Motisons Jewelers’ IPO came at a price of Rs 55. The company’s IPO opened for subscription on 18 December 2023 and remained open till 20 December. Motisons Jewellers shares were listed on BSE on 26 December 2023 at Rs 101.90. Since listing, the company’s shares are seeing a good rise. The company’s shares have reached Rs 253.85 on 12 September 2024. The 52-week low level of the company’s shares is Rs 87.10.
Shares have gained nearly 150% so far this year
Motisons Jewellers’ shares have seen a tremendous rise so far this year. The company’s shares have climbed nearly 150 percent so far this year. At the beginning of this year, on January 1, 2024, Motisons Jewellers’ shares were at Rs 100.68. The company’s shares have reached Rs 253.85 on September 12, 2024. In the last 6 months, the company’s shares have seen a jump of around 68 percent. Motisons Jewellers’ shares were at Rs 148.95 on March 12, 2024, which have reached above Rs 250 on September 12, 2024. Motisons Jewellers’ shares have jumped by more than 63 percent in the last 2 months.