Shankesh Jewellers Stock Surges 18% on Strong Quarterly Results

Shankesh Jewellers is a jewellery company whose shares recently started trading publicly.

Its share price rose sharply even though the wider stock market was falling.

The shares reached ₹116, their highest level so far.

Investors were encouraged by the company’s latest financial results.

Profit doubled compared with the same quarter a year earlier.

Revenue and operating profit also grew strongly.

The company said its profit margins improved.

It believes more customers are choosing organised and specially made jewellery.

This optimism helped push the stock higher.