Tribhovandas Bhimji Zaveri Stock Update: Shares Surge on Acquisition News
Tribhovandas Bhimji Zaveri (TBZ) share price is trading at ₹401.00, up +9.32%, as GRT Jewellers' controlling stake acquisition continues to drive stock rally.
Tribhovandas Bhimji Zaveri (NSE: TBZ) shares are witnessing another robust session today, trading at ₹401.00, marking a significant gain of +9.32% over its previous close of ₹366.80. The jewellery stock opened higher at ₹380.00 and has since touched an intraday high of ₹430.00, while maintaining a low of ₹379.05. This strong upward momentum is accompanied by exceptionally high trading volumes, with over 11.38 million shares changing hands so far, indicating intense investor interest and a continuation of yesterday's remarkable surge.
| TBZ – Stock Updates as of (9:39AM, 02 Sep 2026) | |||
|
LTP
₹401.00 |
Open
₹380.00 |
High
₹430.00 |
Low
₹379.05 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
11,381,070 |
% Chg
+9.32% |
52-Week Context
Today's spectacular performance sees TBZ's stock price extending its upward trajectory beyond a crucial annual benchmark. The stock had already hit a fresh 52-week high of ₹366.80 just yesterday. With today's intraday high of ₹430.00, TBZ is currently operating well above this previous annual peak, signalling strong bullish sentiment. In contrast, the stock's 52-week low stands at ₹110.50, highlighting the considerable appreciation the shares have seen, particularly in recent sessions. The current price action suggests that the market is re-rating the stock significantly, pushing it into new territory for the year.
Latest Developments
The primary catalyst driving TBZ's exceptional rally is the strategic acquisition announcement made yesterday. GRT Jewellers (India) Pvt Ltd has entered into a share purchase agreement to acquire a controlling 74.12% stake in Tribhovandas Bhimji Zaveri. This significant development has triggered a mandatory open offer by GRT Jewellers for an additional 25.88% of TBZ's voting capital at a price of ₹249.61 per share. Despite the open offer price being substantially lower than the current market trading price, investor enthusiasm remains high, fueled by expectations that the deal will unlock significant growth prospects for TBZ. Analysts believe the acquisition will synergize GRT's strong presence in Southern India with TBZ's established footprint in Western India, creating a more formidable pan-India jewellery retail entity. This positive corporate news comes despite a broader sector headwind, with other jewellery stocks facing pressure after Prime Minister Narendra Modi's renewed appeal yesterday for Indians to limit gold purchases to conserve foreign exchange. TBZ's strong performance, therefore, stands out against this challenging backdrop, underscoring the market's positive reception to the specific corporate restructuring.
Outlook
For the remainder of the trading session, investors will be closely watching if TBZ can sustain these elevated levels and potentially establish a new resistance point following today's surge. The high trading volumes suggest continued conviction, but profit-booking at these higher levels cannot be ruled out.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Sep 02, 2026 09:40 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
