TBZ Jewellery Surges 47% in Three Sessions on GRT Takeover Bid; Exchanges Cut Price Band to 10%

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TBZ Jewellery Surges 47% in Three Sessions on GRT Takeover Bid; Exchanges Cut Price Band to 10%

The Quick Take

  • TBZ jewellery shares surged nearly 47% in three sessionsā€”from Rs 292.70 to Rs 430ā€”after GRT Jewellers announced a takeover bid, prompting exchanges to lower the daily price band to 10%
  • The circuit-breaker-style price band reduction caps single-session gains at 10%, slowing the stockā€™s momentum as regulators step in to control volatility
  • The GRT-TBZ deal represents a consolidation move in Indiaā€™s organized jewellery sector, where larger regional chains are acquiring small

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