Shares of Advit Jewels Ltd fell 6.06% to ₹200.58 on Tuesday, July 21, 2026, marking a sharp reversal for the newly listed company.
The decline occurred even as the Jaipur-based jeweller reported a 36% rise in net profit for the fiscal year ending March 2026, signaling that market sentiment has turned cautious despite strong fundamental performance.
The stock had opened sharply higher earlier in the session, listing at ₹188.90 on the National Stock Exchange (NSE) and ₹187 on the Bombay Stock Exchange (BSE).
These debut prices represented a significant premium over the issue price, reflecting initial investor enthusiasm for the company's entry into the public markets.
However, the subsequent sell-off suggests that traders are taking profits or reassessing valuations in light of the broader market environment.
The divergence between the company's financial health and its share price performance highlights the volatility often associated with new listings.