Jewellery Penny stock under Rs 10 bags new orders worth Rs 11,00,00,000 from Prominent Regional and National jewellery Retail Chains Along with Several Top Big Box Jewellers
The stock is up by 19.25 per cent from its 52-week low of Rs 5.87 per share.
Ashapuri Gold Ornament Limited has secured a significant order valued at approximately Rs 11 crore for the supply of Gold Jewellery. This order has been awarded by a diverse group of domestic entities, including prominent regional and national jewellery retail chains, as well as several top big box jewellers. The company is expected to fulfil this order within a timeframe of 90 days.
Earlier, Ashapuri Gold Ornament Limited Company received a substantial order valued at approximately Rs 21 crore for the supply of Gold Jewellery from several prominent domestic entities, including Senco Gold Ltd, C Krishniah Chetty & Sons, Kalyan Jewellers India Ltd, and other unspecified parties. This significant order, which is to be executed within the next two months, underscores the company's position as a key supplier to major players in the domestic jewellery market.
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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 Tuesday, shares of Ashapuri Gold Ornament Ltd gained 8.2 per cent to Rs 7 per share from its previous closing of Rs 6.47 per share. The stock’s 52-week high is Rs 14.99 per share and its 52-week low is Rs 5.87 per share. The company has a market cap of over Rs 200 crore. The stock is up by 19.25 per cent from its 52-week low of Rs 5.87 per share. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.