New Delhi, Oct. 23 -- International Gemological Institute (IGI) shares extended their rally for a second consecutive session on Friday, October 23, rising 6% after hitting the 10% upper circuit in the previous trading session. The stock has gained 16.5% in just two sessions, as investors responded to the company's strong September-quarter earnings, which showed double-digit growth in both revenue and profit.

The latest gains have brought the stock closer to its 52-week peak, with robust quarterly performance providing a fresh catalyst for the shares. The stock rose 6% to its day's high of Rs.374.05 per share on BSE.

IGI shares were around 3.5% below their 52-week high of Rs.388, recorded in May 2026. The stock's 52-week low was Rs.287.2...