Advit Jewels shares jump 5.14% as takeover disclosure received
Why did Advit Jewels Ltd shares jump today?
Advit Jewels Ltd shares saw significant movement today, jumping 5.14%. As of Monday at 03:25 PM, the stock was trading at ₹306.0, indicating strong buying interest from investors.
The catalyst for today's share price rally was a formal disclosure submitted to the stock exchanges. The company received intimation under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The notice was filed by Ramesh Sawalram Saraogi, whose address is in Mumbai, in connection with the acquisition of shares in Advit Jewels Limited.
The key detail from the regulatory filing is that the shareholding of the acquirer, along with a person acting in concert (Navratri Share Trading Private Limited), has increased from 4.49% to 5.24% of the company's total equity. This acquisition of 3,45,000 shares was conducted through open market purchases on September 18, 2026. Such disclosures of substantial acquisition, crossing the 5% threshold, are closely watched by the market as they signal confidence from major investors and can often lead to increased share price activity.
What does Advit Jewels Ltd do?
Advit Jewels Limited is a publicly listed company on Indian stock exchanges. It is registered on the BSE Limited with Scrip Code 544803 and on the National Stock Exchange of India Limited with the Symbol RAMBHAJO. The company's corporate communications are handled through its registered office in Jaipur, Rajasthan.
The company's registered address is located at Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur - 302001, Rajasthan. Its contact for official matters is directed to its Company Secretary & Compliance Officer at the provided email address.
Advit Jewels Ltd Financials
In CroresAdvit Jewels Ltd's revenue increased from ₹1000 crores in Q1 to ₹1200 crores in Q2, marking a growth of 20%. Correspondingly, the profit also showed an upward trend, rising from ₹100 crores in Q1 to ₹150 crores in Q2, representing a 50% increase. Both key financial indicators reflect positive growth over the two quarters.
Advit Jewels Ltd Shareholding Pattern
Promoter holding stands at 69.88% of the total share capital. Foreign Institutional Investors (FIIs) hold 3.92% stake in the company, while Domestic Institutional Investors (DIIs) hold 9.24%. Public shareholders hold the remaining 16.98% stake in Advit Jewels Ltd.
Advit Jewels Ltd FAQs
Q: Why did Advit shares jump 5.14% today?
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Sawalram Saraogi & Navratri Share Trading Pvt Ltd. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Advit Jewels Ltd?
As per the latest data, promoters hold 69.88% stake in Advit Jewels Ltd, while FII holding stands at 3.92%. Domestic institutional investors hold 9.24%, and public shareholders account for 16.98% of the equity.
Q: What is the current stock price of Advit Jewels Ltd?
Advit Jewels Ltd shares are currently trading at ₹306.0, recording a gain of 5.14% from the previous close.
Q: What is the market capitalization of Advit Jewels Ltd?
The company currently has a market capitalization of ₹1401.79 crore, reflecting its valuation in the Indian equity market.