International Gemological Institute shares rally 16% in 2 days: Stock just 3.5% below 52-week high — What lies ahead?

IGI shares rose 6% on Friday after gaining 10% in the previous session, lifting their two-day advance to 16.5%. The rally followed strong September-quarter results: profit increased 43% year-on-year to ₹185.8 crore, while revenue grew 31% to ₹398 crore.

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