New Delhi, Feb. 9 -- Kalyan Jewellers' share price zoomed nearly 12% on Monday, February 9, after its third-quarter results turned out to be better-than-expected.

The jewellery stock rose to Rs.424.85 on the BSE as against its last closing price of Rs.379.80, up 11.8%, amid solid buying action visible in the counter. As of 9.50 am, the number of shares traded on BSE was more than twice the two-week average.

With today's rise, Kalyan Jewellers share price cut its year-to-date losses to 14%. The stock had lost 36% last year, its biggest annual drop since listing.

The Interim Trade Agreement between India and the US also rubbed off on the jewellery stocks as US remains one of the largest consumption markets for Indian jewellery exports. ...