Vaibhav Gems shines bright among gloom

DALAL STREET SPIKES

Vaibhav Gems bucked the overall negative trend on possible overseas acquisition. While the mid-cap segment witnessed profit booking for the straight fifth day, the stock of jewellery export major ended at Rs 278.40, up 3.7 per cent from its previous close.

The counter witnessed volumes of over 63 thousand shares on BSE. Dealing room sources said, the counter witnessed buying interest ahead of the company's board meeting to consider an overseas acquisition.

The stock has had a dream run on the bourses in the past few months.