TBZ shares rally 16%, extending gains for a second session. What's triggering the surge?
Tribhovandas Bhimji Zaveri shares surged 16.11% on Wednesday, extending gains after GRT Jewellers announced plans to acquire the company's entire promoter holding. The stock rose from ₹305.70 to ₹423 over two sessions, reflecting investor optimism about future growth. The acquisition, valued at up to ₹1,465 crore, includes a mandatory open offer for additional shares.