International Gemological Institute Limited (IGIL) shares rallied 10 percent to hit the upper price band of Rs 353.20 on the NSE on Thursday, October 22, as the company reported strong financial growth in the second quarter of the financial year 2026-27.
The stock opened around 6 per cent higher at Rs 339 from the previous close of Rs 321.10, on the NSE, snapping the two-day losing streak.
Subsequently, IGIL shares rallied to touch the day's upper price band of Rs 353.20. Nearly 5 million shares changed hands before trading was halted at the circuit.
IGIL reported a 43 per cent year-on-year (YoY) rise in its consolidated profit after tax (PAT) at Rs 185.8 crore for the second quarter of the current fiscal year, primarily driven by healthy demand trends and strong operational execution.
The company's PAT was Rs 129.8 crore during the same quarter of the previous financial year.