Shares of KDDL, a luxury watch retailer and manufacturer, surged over 10% in early trades on Thursday on the BSE on speculation that the company may tie-up with Apple Inc for distribution of its products.
KDDL shares, however, gave up a large portion of its gains by the end of the day, closing 3.5% higher at Rs 331.
Trading volumes on Thursday were 1.16 lakh shares on the BSE as against the two-week average daily traded volume of 10,000 shares.
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