The share of this Small-cap company gained up to 9 percent after the company received export orders for manufacturing diamond studded gold jewellery worth Rs 20 crores.
With a market capitalization of Rs 1,977.34 Crores. Goldiam International Ltd, On Tuesday, The shares were trading at Rs 181.35 a share, an increase of 5.25 percent from the previous closing price.
International clients placed export orders for diamond-studded gold jewelry worth Rs. 20 crores, with half of those orders coming from lab-grown diamond jewelry, according to the exchange filing. Goldiam International Ltd. These orders were placed via the website and online platform, and they must be completed by December 2023 at the latest.
Looking into the company’s performance, Goldiam International Ltd’s revenue increased by 56.57 percent from Rs 85 Crore in Q2FY23 to Rs 133 Crore in Q2FY24. During the same period, net profits increased by 21 percent from Rs 19 crore to Rs 23 crore.
In the most recent fiscal year, Goldiam International Ltd. disclosed return ratios of 15.41% for return on equity and 21.25% for return on capital employed.
Ace investor Ramesh Damani holds 16,82,898 shares, i.e. equivalent to 1.58 percent of the company as of the September quarter of 2023.
Goldiam International Ltd’s recent shareholding pattern, The Promoters of the Company own 66.60 percent while Retail shareholders own a 0.01 percent stake in the company and Foreign Institutional Investors own a 33.39 percent stake.
Goldiam International Ltd is a company that manufactures and exports jewelry made of gold and diamonds to retailers throughout the world.
Written by:- Abhishek Singh
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