Jewellery Stocks Experience 3% Gain Amid Optimistic Sentiment on Dalal Street

Motisons Jewellers Share Price Jumps 3.21%

Market Update

On Tuesday, Motisons Jewellers' share price surged 3.21% to ₹12.53 per share, following the company's announcement of a board meeting on Friday, March 27 to consider the redemption of 50,00,000 2.5% non-convertible redeemable preference shares. The stock movement coincided with a strong rally in the Indian stock market, with the benchmark indices Sensex and Nifty 50 surging over 2% each.

Market Performance

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The Sensex jumped 1,714 points to 74,410, while the Nifty 50 advanced around 540 points to 23,054. The rally was attributed to US President Donald Trump's announcement of a temporary pause in military action against Iran, easing geopolitical tensions.

Motisons Jewellers Preference Share Redemption

The company's board will meet on Friday, March 27 to consider and approve the redemption of 50,00,000 2.5% non-convertible redeemable preference shares. This announcement comes after the company's board approved raising ₹350 crore via preferential allotment, rights issue, or private placement.

Financial Performance

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In its Q3 results 2026, Motisons Jewellers reported a net profit of ₹25.94 crore, a 69.54% surge from ₹15.30 crore in the corresponding quarter of December 2024. The company's revenue from operations rose nearly 20% to ₹174.56 crore in the quarter under review.

Share Price Trend

Despite the recent surge, Motisons Jewellers' share price has remained under pressure in the near term, shedding over 3% in a week and 21.28% in a month amid the stock market selloff. The stock has declined 14.23% year-to-date (YTD) and 34.59% in the last one year.