Goldiam International rises 6 per cent on bagging export order worth Rs 70 crore

Goldiam Group has received export orders worth Rs 70 crore from its international clients for the manufacturing of diamond-studded designed gold jewellery. The order will be delivered within the next 100 days. With this additional order, Goldiam Group's order book crosses an aggregate of Rs 150 crore as of now.  

Reacting to this, the company’s stock today increased by 6.27 per cent and made an intraday high of Rs 370.50 per share at 11 am. 

Besides, the company reported a net profit of Rs 44.73 crore in Q3FY21. It had reported a profit of Rs 22.43 crore in Q3FY20, which is an increase of 99.42 per cent. The company reported net sales of Rs 156.70 crore for Q3FY21, an increase of 62.63 per cent as against the net sales of Rs 96.36 crore for Q3FY20.   

Goldiam International operates as a manufacturer of diamond-studded gold, platinum, and silver jewellery. Major business activities of the company are manufacturing and exporting studded gold & silver jewellery.  

According to BSE data, the stock traded at a P/E multiple of 42.35 and a price-to-book ratio of 3.40. The stock has a 52-week high and a 52-week low of Rs 394.20 and Rs 78.65, respectively.   

At 1.19 pm on Tuesday, the stock of the company was trading at Rs 368.20, up by 5.61 per cent on BSE.