1,000 per cent returns in this multibagger stock: This small-cap company receives export orders worth Rs 50 crore!
The stock has a PE of 23.06x, an ROE of 15.26 per cent and a ROCE of 20.9 per cent.
Goldiam International Ltd announced the acquisition of new export orders valued at Rs 50 crores for the production of lab-grown diamond studded gold jewellery. These orders, secured from international clients, signify a significant milestone for the company.
The pertinent details of these orders include their nature as export orders for diamond studded gold jewellery, awarded by international entities, with a deadline for execution set on or before May 30, 2024.
Goldiam International Ltd manufactures and exports diamonds and jewellery. The Group's jewellery products are composed of gold, platinum, coloured stones, and cut and polished diamonds.
Earlier, Goldiam International Ltd has reported Quarterly Results for the quarter ending December 2023, showcasing a robust quarter-on-quarter revenue growth of 51.88 per cent and a year-on-year growth of 13.48 per cent, reaching a revenue figure of Rs 202 crores. Furthermore, the company's net profit has also surged, with a quarter-on-quarter increase of 39.13 per cent and a year-on-year growth of 10.34 per cent, totaling a net profit of Rs 32 crores.
DSIJ offers a service 'SEP', which is a unique portfolio of stocks that is best suited to your profile. It aims to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
On Wednesday, shares of Goldiam International Ltd plunged 4.96 per cent to Rs 183.6 per share from its previous closing of Rs 192.95. The stock has a 52-week high of Rs 216.55 and a 52-week low of Rs 120.05.
The stock has a PE of 23.06x, an ROE of 15.26 per cent and a ROCE of 20.9 per cent. The shares of the company are up by 30 per cent in a year and over 170.66 per cent in 3 years. The stock gave multibagger returns of over 1,000 per cent in just 5 years whereas BSE Consumer Discretionary Index is up by 141 per cent. Investors should keep an eye on this Small-Cap gems & jewellery stock.
Disclaimer: The article is for informational purposes only and not investment advice.