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Stock of this smallcap jewellery company has zoomed nearly 100% in 3 weeks

Shares of SKY Gold hit a new high of Rs 590.20, and have rallied 97 per cent in three weeks from a level of Rs 299.15 on September 25, 2023.

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Illustration by Binay Sinha

Deepak Korgaonkar Mumbai

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Shares of SKY Gold were locked in the 10 per cent upper circuit at Rs 590.20, hitting a new high on the BSE at 01:12 PM; in an otherwise range-bound market. In comparison, the S&P BSE Sensex was down 0.05 per cent at 66,252.

In past three weeks, the stock price of SKY Gold has nearly doubled or zoomed 97 per cent from a level of Rs 299.15 on September 25, 2023. Thus far in the calendar year 2023, it has rallied 169 per cent, as compared to 8.4 per cent gain on the BSE benchmark index.

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