RBZ Jewellers’ stock remains locked on the upper circuit since its IPO a month and a half ago. The company aims to double its volumes in the next two years, supported by equity and debt raises. With a strong position as an organized manufacturer and retailer, RBZ Jewellers is experiencing robust demand from organized retailers. Margins in the business model vary depending on the segment, but overall stability is expected in terms of ROCE and ROE.
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