International Gemological Institute is making some buzz today; in times of value buying, this stock seems to be popping up on the radar of brokerage houses currently. Taking cues from the broader market, the stock opened 1% lower at Rs.393.95 and rose to an intraday high at Rs.409.95, up 3%. With a market cap of over Rs.17,500 crore, its 2W average volume is 82k shares while today alone, till now, 71k shares have changed hands.

The stock, which got listed in Dec’24, announced its first-ever interim dividend; a 122% dividend on each stock with a face value of Rs 2, translating to a payout of Rs 2.44 per share. Today is the record date - investors holding shares on this date or before will be eligible for the payout.

The company’s IPO had done very well, subscribing 34times and it got listed on the BSE at Rs.504.85 v/s IPO price of Rs.417 and in the current market scenario has stayed well below the issue price.