Penny stock under Rs 10: Jewellery company bags new orders worth Rs 48,00,00,000 from Malabar Gold; Titan Company; Senco Gold Ltd & C Krishniah Chetty & Sons & Others

The stock is up by 26.65 per cent from its 52-week low of Rs 6.64 per share.

Ashapuri Gold Ornament Limited has been awarded orders for the supply of Gold Jewellery by domestic entities such as Malabar Gold Ltd., Titan Company Ltd., Senco Gold Ltd., C Krishniah Chetty & Sons and others. These orders are expected to be executed during the fiscal year 2024-25, with an approximate total consideration of Rs 48 crore.

Ashapuri Gold Ornament Ltd, established in 2008, is a prominent player in the manufacturing and trading of gold ornaments and articles in various designs. The company primarily focuses on antique jewellery and gold jewellery, catering to diverse preferences. Initially engaged in wholesale trading, AGOL transitioned to manufacturing and job-work arrangements to enhance its product range. With a dedicated showroom in Ahmedabad, the company offers a wide array of products including Pota, Kundan, and Ghat jewellery collections, encompassing necklaces, bangles, bridal jewellery, chokers, and pendant sets.

On Friday, shares of Ashapuri Gold Ornament Ltd plunged 2.89 per cent to Rs 8.41 per share from its previous closing of Rs 8.66 per share with an intraday high of Rs 8.65 per share and an intraday low of Rs 8.10 per share. The stock’s 52-week high is Rs 14.99 per share and its 52-week low is Rs 6.64 per share.

The company has a market cap of Rs 280 crore. The stock is up by 26.65 per cent from its 52-week low of Rs 6.64 per share. Investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.