Gitanjali Gems 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 Alliance Jewellers 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.
Shares fall as much as 8%