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Gitanjali Gems rises 6.8%

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shares rose 6.8 per cent to close the day at Rs 128.55 on acquisition of Alliance. The company acquired 100 per cent stake in through its wholly-owned subsidiary Brightest Circle Jewellery. Alliance is engaged in the business of gold and diamond manufacturing.

The stock opened the day at Rs 124.40 and made an intra-day high of Rs 134.50 and a low of Rs 123.50. Total traded volumes were 20 lakh shares, up four-fold compared with its two-week average. The stock touched its 52-week high of Rs 166 and a low of Rs 32.50.

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