Motisons Jewellers share price: Experts give ’buy’ tag after fundraise move

Motisons Jewellers share price traded sideways to positive on Monday. The jewellery stock was under the radar of Dalal Street Bulls as the company has fixed a board meeting date for considering and approving a fundraising proposal. The jewellery brand has informed the Indian stock market exchanges that the company's board company's meeting has been fixed on 14th August 2024 to consider and approve a fundraising proposal.

Motisons Jewellers' share price today opened with an upside gap at ₹172 apiece on the NSE and touched an intraday high of ₹173.90 per share, logging an intraday rise of around 2 percent against Friday's close of ₹171 apiece.

According to stock market experts, Motisons Jewellers shares are one of those stocks listed on Dalal Street with strong fundamentals. The jewellery stock has remained wealth-generating after listing on BSE and NSE in December 2023. They said that fundraising would enable the company to meet its Capex expansion. They advised fresh investors to buy Motisons Jewellers shares and suggested company shareholders hold the stock with stop loss at ₹160 apiece.