495 per cent returns from its 52-week low: Shares of this micro-cap company were locked in the upper circuit on May 05
The shares of the company have an ROE of 27.5 per cent and a ROCE of 28 per cent.
On Friday, one of the Top Gainers on BSE, shares of Deep Diamond India Ltd zoomed 5 per cent upper circuit to Rs 9.04 per share from its previous closing of Rs 8.61. Additionally, the shares of the company hit back-to-back upper circuits in recent trading sessions.
According to the financials, this gems & jewellery company has a market of Rs 28.93 crore. The company reported positive numbers in its Quarterly Results and annual results. The net sales rose by 245 per cent and net profit rose by 450 per cent in FY22 over FY21. The shares of the company have an ROE of 27.5 per cent and a ROCE of 28 per cent.
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With the recent substantial acquisition of shares and takeover by ‘Preeti Jain’ in this stock, there has been some new buying. On January 20, 2023, shares of the company traded ex-split from Rs 10 to Rs 1.
Deep Diamond India Limited manufactures and distributes jewellery. The company offers products such as diamond rings, nose pins, necklaces, pendants, bracelets, earrings and bangles.
The stock gave multibagger returns of 495 per cent from its 52-week low of Rs 1.52 per share. Investors should keep an eye on this micro-cap stock.