• Source:JND
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Shares of Motisons Jewellers Ltd., a company based in Jaipur, saw a significant increase, rising more than 19% during intraday trading on Monday as the benchmark indices, the Sensex and Nifty, saw a robust rally. The stock began the day higher on the BSE at Rs 17.11, up 19.17% from the previous close of Rs 16.98, and soared to an intraday high of Rs 20.20. It began the session at Rs 17.15 on the NSE and reached a peak of Rs 20.25. The company’s market capitalisation currently stands at Rs 1,946.28 crore.

For the last four sessions, Motisons Jewellers' stock has been rising, rising 18.48%. 

Strong Stock Split and Market Debut

In December of last year, Motisons Jewellers made a spectacular debut on the stock exchanges, listing on the NSE at Rs 109, which was 98.18% higher than its IPO price of Rs 55. During its three-day bidding period, the company's initial public offering (IPO) was subscribed for 159.61 times, indicating high investor interest.

The company announced a 1:10 stock split in September 2024 with the goal of boosting liquidity and facilitating retail investors' access to the stock.

Also Read: Reliance Power Stock Turns Multi-Bagger: Delivers 5400% Return In 5 Years, Hits 52-Week High

Rally is boosted by broader market sentiment

Positive global cues and improved investor sentiment after the RBI's 50 basis point repo rate cut are driving the Motisons Jewellers rally and the overall market uptrend. Retail and discretionary consumption have benefited from the rate cut, which has raised expectations for increased consumer spending and business activity.

Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take expert's advise before investing. 

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