Multibagger Jewellery Stock Below Rs 300: Single-Digit PE Stock Sees FII Stake Increase; Check If You Hold
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Tribhovandas Bhimji Zaveri (TBZ) witnessed a sharp increase in FII holding during the June 2026 quarter, while the stock continues to outperform with strong medium-term returns
✨ Key Takeaways
On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 72.65 points, or 0.30 per cent, to 24,165.85. Despite the weak broader market sentiment, Tribhovandas Bhimji Zaveri (TBZ) share price gained 2.19 per cent to Rs 261.20, rising Rs 5.60, as investors remained focused on the company's improving institutional shareholding and strong stock price performance.
FII Holding Increases in June Quarter
According to the June 2026 shareholding pattern, Foreign Institutional Investors (FIIs) increased their holding to 1.47 per cent from 0.26 per cent in the March 2026 quarter, indicating renewed institutional interest in the company. Promoters continued to hold 74.12 per cent stake, while Domestic Institutional Investors (DIIs) held nil stake. Public shareholding stood at 24.41 per cent.
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Valuation Remains Attractive
TBZ continues to trade at a relatively attractive valuation with a price-to-earnings (P/E) ratio of 8.63, significantly lower than the industry average P/E of 18.2. The company currently has a market capitalisation of approximately Rs 1,748 crore, placing it in the small-cap category.
Share Price Performance
The stock has delivered strong returns across multiple time periods. Over the past one month, TBZ shares have gained 36.55 per cent. The stock has surged 52.12 per cent over the last six months and is up 32.47 per cent over the past one year, reflecting sustained investor interest.
About TBZ
Tribhovandas Bhimji Zaveri Limited (TBZ) is one of India's leading organised jewellery retailers, engaged in the design, manufacture and retail of gold, diamond, platinum and studded jewellery. The company operates a nationwide retail network and caters to customers through a wide portfolio of bridal, festive and everyday jewellery collections.
TBZ continues to strengthen its presence in India's organised jewellery market by focusing on product innovation, brand expansion and customer experience.
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Disclaimer: The article is for informational purposes only and should not be construed as investment advice.