The average trading volume at the BlueStone counter jumped 18-fold, with a combined 24.9 million equity shares representing 16.3 per cent of total equity changing hands on the NSE and BSE.
BlueStone Jewellery share price climbed over 11 per cent after the company posted a consolidated net profit of Rs 5.96 crore compared with a loss of Rs 34.7 crore in Q1FY26.
Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.
Bluestone Jewellery IPO has been subscribed to only 44 per cent so far, receiving bids for 7.34 million shares compared to 16.5 million shares on offer.
The IPO also comes at a time when urban consumption is slowing amid sticky inflation, potentially clouding the growth view for a company like Bluestone, whose business is built on discretionary produc
The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic