TBZ shares hit record peak even as gold stocks decline
On Tuesday, Tribhovandas Bhimji Zaveri (TBZ) stock surged by 20% to reach an upper circuit of ₹366.50 on the BSE, marking a total increase of roughly 30% over the last five trading days. This jump occurred after GRT Jewellers signed a deal to purchase a 74.12% stake in the company for a maximum of ₹1,034 crore. Once this deal is finalized, GRT plans to launch an open offer to acquire another 26% of the retailer.
by shortkt.com✓