Shares of Tribhovandas Bhimji Zaveri (TBZ) extended their sharp rally on Wednesday, September 2, after surging 46.9% across three trading sessions, including today.

The stock climbed from Rs 292.70 on August 31 to Rs 430 during Wednesday’s session, driven by strong buying after GRT Jewellers announced a takeover deal for the jewellery retailer.

Following the sharp price movement, the applicable price band for TBZ shares has been reduced to 10%, limiting the stock’s daily movement and highlighting the exceptional volatility witnessed over the past two sessions.

The major rally began on Tuesday when TBZ shares jumped 20%…