{"id":323822,"date":"2026-10-22T12:47:23","date_gmt":"2026-10-22T07:17:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323822"},"modified":"2026-10-22T12:47:23","modified_gmt":"2026-10-22T07:17:23","slug":"igi-shares-hit-10-percent-upper-circuit-q2-fy27-profit-jump-what-is-fuelling-the-rally","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/igi-shares-hit-10-percent-upper-circuit-q2-fy27-profit-jump-what-is-fuelling-the-rally\/","title":{"rendered":"IGI Shares Hit 10% Upper Circuit: What Is Fuelling the Rally?"},"content":{"rendered":"

IGI shares hit the 10% upper circuit at Rs 353.20 on 22 Oct 2026, up Rs 32.10 from the previous close of Rs 321.10, with about 6.4 lakh shares queued to buy and none for sale at 12:28 PM IST. The rally follows Q2 FY27 results filed on 21 Oct, which showed consolidated profit up 43% to Rs 185.8 crore. No single news item beyond the results explains the move, so the link is my reading.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

IGI shares hit the 10% upper circuit at Rs 353.20 after the company reported a 43% rise in Q2 FY27 consolidated profit to Rs 185.8 crore on revenue of Rs 398.0 crore. Certification volume grew 26% and the EBITDA margin widened to 61.4% from 58.0%, which is the clearest reason buyers rushed in. At the new price the stock trades near 25 times trailing earnings by my calculation, still below the industry multiple of about 36 times. A lower circuit can follow a sharp rally, so look at the price per report and the standalone numbers before you act.<\/p>\n<\/p><\/div>\n

IGI shares hit the upper circuit on Thursday because buyers overwhelmed sellers after a strong second quarter from the world’s second-largest gem certification business by volume (my reading of the company’s own claims). The stock opened at Rs 339, touched a low of Rs 333.70 and then locked at the Rs 353.20 ceiling, with no sellers in the order book.<\/p>\n

This article on IGI shares explains the results behind the rally, how the valuation looks after the jump, what the standalone numbers say and what could go wrong. It is educational and not a recommendation to buy, and I flag every estimate.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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