Tribhovandas Bhimji Zaveri

Festive fervour: Jewellery stocks zooms 34% so far in Oct

Sales generally picks-up during the festival season and since this would help in earnings, the stocks are moving higher. Currently, gold is trading at Rs 31,400 per 10 grams.

Tribhovandas Zaveri IPO opens today, priced at Rs 120-126

The jeweller plans to launch a Rs 200 crore initial public offer on 24 April, and has fixed the price band of each share at Rs 120-126. It plans to offer 1.67 crore shares, equivalent to 25 percent of the post-issue paid-up capital of the company.

Gold retailer TBZ to launch Rs 200 crore IPO on 24 April

IDFC Capital and Avendus are book running lead managers for the issue. The offering will close on April 26.