Newly listed stock Shankesh Jewellers has been witnessing strong buying interest despite weak stock market sentiment. Shankesh Jewellers share price surged as much as 18% to hit its record high of ₹116 in morning trade on the BSE on Friday, 11 September, even as equity benchmark Sensex crashed 1%.
The stock has been in the green since Wednesday, clocking a cumulative gain of 22% in just three consecutive sessions. Shankesh Jewellers shares were listed on the NSE and the BSE on 25 August this year. In less than a month, the stock has jumped 25% from the issue price of ₹93 per share.
The fresh momentum in Shankesh Jewellers shares can be attributed to the company's strong financial performance in the June quarter of the financial year 2026-27 (Q1FY27).
Shankesh Jewellers on 10 September reported a 100% year-on-year (YoY) jump in Q1FY27 profit after tax (PAT) to ₹43 crore, while revenue for the quarter rose by 55% YoY to ₹424 crore.
The company's EBITDA in Q1FY27 jumped 92% YoY to ₹61 crore, while margin stood at 14.4% compared to 11.6% YoY.