94.30 per cent returns from its 52-week low: Low PE jewellery stock surges 13.3 per cent with a spurt in volume by more than 3.40 times!
94.30 per cent returns from its 52-week low: Low PE jewellery stock surges 13.3 per cent with a spurt in volume by more than 3.40 times!

94.30 per cent returns from its 52-week low: Low PE jewellery stock surges 13.3 per cent with a spurt in volume by more than 3.40 times!

The stock is up by 94.3 per cent from its 52-week low of Rs 170 per share.

Kiran Shroff Article rating: 4.5

The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.

69.50 per cent returns from its 52-week low: Low PE gems & jewellery stock surges over 5 per cent with a spurt in volume by more than 1.2 times!
69.50 per cent returns from its 52-week low: Low PE gems & jewellery stock surges over 5 per cent with a spurt in volume by more than 1.2 times!

69.50 per cent returns from its 52-week low: Low PE gems & jewellery stock surges over 5 per cent with a spurt in volume by more than 1.2 times!

The stock price surged over 5 per cent, reaching an intraday high of Rs 288.15 per share from its previous closing of Rs 272.40 per share with a spurt in volume by more than 1.20 times on BSE.

Kiran Shroff Article rating: 5.0

In its annual results, the net sales increased by 6 per cent to Rs 2,149.67 crore and net profit increased by 13 per cent to Rs 80.93 crore in FY24 compared to FY23.

67.65 per cent returns from its 52-week low: Low PE gems & jewellery stock rockets 19 per cent from intraday low with a spurt in volume by more than 3 times!
67.65 per cent returns from its 52-week low: Low PE gems & jewellery stock rockets 19 per cent from intraday low with a spurt in volume by more than 3 times!

67.65 per cent returns from its 52-week low: Low PE gems & jewellery stock rockets 19 per cent from intraday low with a spurt in volume by more than 3 times!

The stock’s 52-week high is Rs 382.2 and its 52-week low is Rs 170 with a market cap of over Rs 1,300 crore.

Kiran Shroff Article rating: 3.5

Notably, the stock price currently sits above both its 50-day moving average (DMA) of 241.86 and its 200-day DMA of 248.03, indicating a positive technical outlook.

53 per cent returns from its 52-week low: Low PE gems & jewellery stock gains 7.70 per cent today with heavy volume on July 31
53 per cent returns from its 52-week low: Low PE gems & jewellery stock gains 7.70 per cent today with heavy volume on July 31

53 per cent returns from its 52-week low: Low PE gems & jewellery stock gains 7.70 per cent today with heavy volume on July 31

The Indian government's recent budget has injected renewed vigour into the gems and jewellery sector.

Kiran Shroff Article rating: 2.3

The shares of the company have a PE of 14x whereas the industry PE is 28x with an ROE of 17 per cent and an ROCE of 16 per cent.

54 per cent returns from its 52-week low: Low PE gems & jewellery stock gains over 5 per cent today; Complete details inside!
54 per cent returns from its 52-week low: Low PE gems & jewellery stock gains over 5 per cent today; Complete details inside!

54 per cent returns from its 52-week low: Low PE gems & jewellery stock gains over 5 per cent today; Complete details inside!

The shares of the company have a PE of 14x whereas the industry PE is 28x with an ROE of 17 per cent and an ROCE of 16 per cent.

Kiran Shroff Article rating: 2.7

The company’s majority of the stake is owned by the promoters of the company i.e., 74.28 per cent while FIIs own 7.96 per cent, DIIs own 1.23 per cent and the public owns 16.54 per cent stake in the company as of June 2024. 

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