Days Movers: Shares of this diamond dealer were shining bright on August 22

This stock under Rs 100 rallied 14.2 per cent amid weak market sentiment.

Shares of Gautam Gems Ltd zoomed 14.21 per cent in today’s session and closed at Rs 11.17. In its board meeting held on August 20, the company decided and fixed Rs 44.30 crore as the Right Issue Size for the issue of 4,02,68,236 Equity Shares with Right Issue Price of Rs 11 per equity share. The record date has been fixed as September 01, 2022, to determine the eligible shareholders to apply for the Right Issue. 

 The terms of the payment of the issue price have been fixed as Rs 2.75 Per Issue Share (including a premium of Rs 0.25 Per Issue Share) payable on the application then Rs 5.50 Per Issue Share (including a premium of Rs 0.50 Per Issue Share) shall be payable on First Call and finally Rs. 2.75 Per Issue Share (including premium of Rs. 0.25 Per Issue Share) shall be payable on Second Call. 

Gautam Gems Ltd is a Surat-based importer, exporter, and manufacturer of rough and polished diamonds. The company sells diamonds of multiple categories, shapes, cuts, sizes, and colours and deals in both polished and rough diamonds. 

The shares of Gautam Gems logged an intraday high and low of Rs 11.67 and Rs 10.54, respectively in today’s session. The diamond dealer enjoys a market cap of Rs 11.2 crore.