International Gemological Institute (IGI) shares extended their rally for a second consecutive session on Friday, October 23, rising 6% after hitting the 10% upper circuit in the previous trading session. The stock has gained 16.5% in just two sessions, as investors responded to the company's strong September-quarter earnings, which showed double-digit growth in both revenue and profit.
The latest gains have brought the stock closer to its 52-week peak, with robust quarterly performance providing a fresh catalyst for the shares. The stock rose 6% to its day's high of ₹374.05 per share on BSE.
IGI shares were around 3.5% below their 52-week high of ₹388, recorded in May 2026. The stock's 52-week low was ₹287.25, touched in January 2026.
IGI, which provides certification and grading services across the gems and jewellery industry, reported a sharp increase in consolidated profit and revenue for the quarter ended September 2026, supported by healthy demand and effective operational execution.
The stock has gained 12% over the past week and 6% over three months. Its six-month advance stands at 3%, while it has risen 6% over the past year.