Motilal Oswal has issued a BUY recommendation on P N Gadgil Jewellers (PNGJL), setting a target price of Rs 825, which implies a robust 37% upside from the current market price of Rs 604.

PN Gadgil Jewellers Share Price on listing day has offered IPO investors 73 percent return.

PN Gadgil Jewellers Ltd, a prominent jewelry retail chain based in Maharashtra, has successfully raised Rs 330 crore from anchor investors ahead of its Rs 1,100-crore initial public offering (IPO).