Penny stock jumps 9% after reporting 442% HoH increase in net profits

Synopsis:

Eighty Jewellers Ltd shares rose 9% as net profit soared 442% to ₹3.20 Crores in H1FY26.

The shares of the Penny stock company, specializing in the trading of exquisite jewelry and luxury items, including watches, crafted from gold, silver, diamonds, and platinum, and studded with precious stones, jumped upto 9 percent following their results, with a 442 percent rise in profit.

With a market capitalization of Rs. 31.62 Crores on Monday, the shares of Eighty Jewellers Ltd jumped upto 8.6 percent, reaching a high of Rs. 32.05 compared to its previous close of Rs. 29.49.

What Happened

Eighty Jewellers Ltd, engaged in the trading of exquisite jewelry and luxury items, including watches, crafted from gold, silver, diamonds, and platinum, and studded with precious stones, h