Shares Of Jewellery Stock In Green After Expansion Plan: Do You Own?

The shares of Manoj Vaibhav Gems & Jewellers, a micro-cap jewellery company with a market cap of Rs 1150 crore, were registering a rise of two per cent and were working at the level of Rs 235.55 with a gain of Rs 4.65.

The 52-week high level of Manoj Vaibhav Gems shares is Rs 382 while the 52-week low level is Rs 165. Manoj Vaibhav James has recently informed the stock market that the company is expanding its operations.

The company is opening a new jewellery store on Ganga Reddy Road in Manchhariyal, Telangana. Manoj Vaibhav Gems and Jewellers is a company dealing in jewellery through retail stores in South India.
A few days ago, the company had informed about opening another jewellery store. On Wednesday, March 20, Manoj Vaibhav Gems told the stock market that he had started a new jewellery showroom in Rajam.

On Sunday 24th March, the company is going to open another new showroom in the name of Vaibhav Jewellers in Manchhriyal. This jewellery showroom will also focus on gold, diamond and silver jewellery with a separate dedicated section for bridal jewellery.

Shares of Manoj Vaibhav Gems 'N' Jewellers made its Dalal Street debut about six-months earlier on October 3, 2023, when the company raised a little more than Rs 270 crore via IPO by selling its shares for Rs 215 apiece.

Manoj Vaibhav Gems 'N' Jewellers also known as Vaibhav Jewellers is a regional jewellery brand in South India. The company was incorporated in 2003 and offers gold, silver, and diamond jewellery, precious gemstones, and other jewellery products through retail showrooms as well as through its website.