{"id":131490,"date":"2024-08-20T15:21:39","date_gmt":"2024-08-20T09:51:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131490"},"modified":"2024-08-20T15:21:44","modified_gmt":"2024-08-20T09:51:44","slug":"stock-hits-10-upper-circuit-after-securing-orders-worth-380-mil-for-supply-of-diamonds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-10-upper-circuit-after-securing-orders-worth-380-mil-for-supply-of-diamonds\/","title":{"rendered":"Stock hits 10% upper circuit after securing orders worth \u20b9 380 Mil for supply of diamonds"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-951390375\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the company engaged in the business of Precious Metals, Stones &amp; Jewellery Trading hit a 10 percent upper circuit to Rs.138.85 per share after securing orders worth Rs.379.62 million.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2637422696\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement<\/strong><strong>&nbsp;<\/strong><\/h2><p>In Tuesday\u2019s trading session, the share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540492\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Starlineps Enterprises Limited<\/a><\/strong> hit a 10 percent upper price band to Rs.138.85 per share its previous close of Rs.126.25 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What happened&nbsp;<\/strong><\/h2><p>Starlineps Enterprises Limited has received an order from M\/s. Saketh Impex for the supply of natural diamonds, with the contract valued at Rs.379.62 million, inclusive of GST.&nbsp;<\/p><p>This domestic order is based on carat pricing and is to be fulfilled before September 30, 2025. The contract outlines the terms for delivering natural diamonds to M\/s. Saketh Impex.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3273767273\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Starlineps Enterprises Limited&#8217;s recent contract is poised to significantly boost the company&#8217;s revenue and enhance investor confidence. This development will provide operational stability, allowing for better resource allocation and planning.&nbsp;<\/p><p>Successfully executing this contract can also strengthen long-term client relationships, positioning Starlineps as a competitive player in the precious metals and jewelry sector, while potentially attracting more investors to its shares.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"i3jwKxOORK\"><a href=\"https:\/\/tradebrains.in\/features\/paper-stock-jumps-10-after-it-sets-record-date-for-15-stock-split\/\">Paper stock jumps 10% after it sets record date for 1:5 stock split\u00a0<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Paper stock jumps 10% after it sets record date for 1:5 stock split\u00a0&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/paper-stock-jumps-10-after-it-sets-record-date-for-15-stock-split\/embed\/#?secret=ADICohjJnp#?secret=i3jwKxOORK\" data-secret=\"i3jwKxOORK\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Developments&nbsp;<\/strong><\/h2><p>Starlineps Enterprises Limited is investing Rs. 2.69 million in Writeplus AI Pvt. Ltd. (LiaPlus AI). This investment gives Starlineps a non-controlling stake and allows it to enter the growing AI sector.&nbsp;<\/p><p>LiaPlus AI specializes in multilingual AI technology, providing advanced solutions that improve efficiency and customer service. This investment will help diversify Starlineps\u2019s portfolio and is expected to generate significant returns, with LiaPlus AI projected to achieve $41.2 million in revenue by FY2028.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>Analyzing the company&#8217;s financial results, for the quarter ending June 2024, Starlineps Enterprises Limited reported consolidated revenue of Rs.17.15 crore, representing a significant increase of 355 percent from Rs.3.77 crore in the same quarter the previous year.&nbsp;<\/p><p>In terms of profitability, the company achieved a Profit After Tax (PAT) of Rs.2.85 crore for Q1 FY25, which is an impressive growth of 714.3 percent compared to Rs.0.35 crore in Q1 FY24.<\/p><div class=\"trade-content-10\" id=\"trade-2658312832\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview&nbsp;<\/strong><\/h2><p>Starlineps Enterprises Limited specializes in the trading and retailing of jewelry. They offer a range of products including diamonds, pearls, precious stones, and ornaments made from gold, silver, and platinum.&nbsp;<\/p><p>The company also emphasizes an e-commerce approach, aiming to provide equal opportunities for various enterprises, from large manufacturers to small local artists, thereby broadening its market reach.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"WpUlF5WUnW\"><a href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-11-after-announcing-partnership-with-tata-group-company\/\">Smallcap stock jumps 11% after announcing partnership with Tata group\u00a0company<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Smallcap stock jumps 11% after announcing partnership with Tata group\u00a0company&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-11-after-announcing-partnership-with-tata-group-company\/embed\/#?secret=VsLYk1LfPR#?secret=WpUlF5WUnW\" data-secret=\"WpUlF5WUnW\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3830790240\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the company engaged in the business of Precious Metals, Stones &amp; Jewellery Trading hit a 10 percent upper circuit to Rs.138.85 per share after securing orders worth Rs.379.62 million.&nbsp; Price Movement&nbsp; In Tuesday\u2019s trading session, the share price of Starlineps Enterprises Limited hit a 10 percent upper price band to Rs.138.85 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":113306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[21717,21718,21716,21719,948,936],"class_list":["post-131490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-starlineps-enterprises-latest-news","tag-starlineps-enterprises-new-order","tag-starlineps-enterprises-share-price","tag-starlineps-enterprises-supply-order","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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