Goldiam Intl bags order worth Rs. 100 crore

The company received confirm export order of Rs. 100 crore for diamond studded gold jewellery. Following this development, the stock gained more than 5 per cent on BSE.

The company informed that Goldiam International has received export order from its international clients for manufacture of designer gold jewellery with diamond. The order is to be delivered in the next 3 months.

For Q1FY20, the company reported standalone revenue of Rs. 3,030.52 crore as compared to Rs. 2,949.66 crore in the corresponding period year ago. PAT for the quarter was at Rs. 360.65 crore as compared to Rs. 249.14 crore in Q1FY19.

Earlier, in June, the company received a large order of approximately Rs. 35 crore from US-based retailer for 10,000 pieces of a single ring style.

Also, Wednesday, August 21 is the record date for the Interim Dividend for FY2019-20, so the stock turns ex-dividend on Tuesday, August 20. The company's board approved dividend of Rs. 2 per equity share, that is, 20 per cent on the paid up equity share capital.

On Tuesday, the stock of Goldiam was quoting Rs. 100.55 per share, up by Rs. 5.75 or 6.07 per cent at 11:52 hours, when the benchmark index BSE Sensex was at 37,320.34, down by 82.15 or 0.22 per cent.