The shares of this jewellery stock gained 4.4% to ₹1.44 on Tuesday after the company received an order worth ₹682.15 crores.
At 12:45 p.m., Anshuni Commercials Ltd shares were trading at ₹1.42 per share, up 4.30 percent from the previous close price on the Bombay Stock Exchange. The stock belongs to the penny stock category, with a market capitalization of ₹0.17 crore.
According to the company’s exchange filing, Munitions India Limited (MIL) has issued a Letter of Interest to Nibe Ordnance Global Limited, a subsidiary of Anshuni Commercials Ltd.
Nibe Ordnance Global Limited, a subsidiary of Anshuni Commercials Ltd, has received a Letter of Interest from MIL to supply 155 mm M107 Empty Shells globally, valued at ₹682,15,00,000.
Anshuni Commercials Ltd, established in 1984, boasts over 30 years of expertise in the gems and jewellery industry, specializing in trading.
Anshuni Commercials Ltd specializes in polished diamonds ranging from VVS to I2 quality, predominantly round-shaped and in colors from D to K, with sizes spanning 0.02 carats to 3.99 carats.
In FY23-24, the company recorded revenues of 1 lakh and reported a net loss of 20 lakhs.
The company distributes its loose polished diamonds across major global consumer markets, diversifying its market exposure and enabling agility in seizing demand-driven opportunities.
As per the recent shareholding pattern, the company’s promoter holds a 94.98% stake, while retail investors hold a 5.02% stake in the company.
Written by Omkar Chitnis
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