Lypsa Gems & Jewellery rose 2.03% to Rs 60.25 at 14:20 IST on BSE after the company said it has fixed 13 July 2017 as record date for issue of bonus shares.
The announcement was made during market hours today, 30 June 2017.
Meanwhile, the S&P BSE Sensex was up 2.52 points, or 0.01% at 30,860.04. The S&P BSE Small-Cap index was up 6.12 points, or 0.04% at 15,316.33.
On the BSE, 58,000 shares were traded on the counter so far as against the average daily volumes of 59,702 shares in the past one quarter. The stock was volatile. The stock rose as much as 16.85% at the day's high of Rs 69 so far during the day. The stock lost as much as 0.93% at the day's low of Rs 58.50 so far during the day. The stock had hit a 52-week high of Rs 79.15 on 14 July 2016 and a 52-week low of Rs 49 on 30 November 2016.
The stock had underperformed the market over the past one month till 29 June 2017, declining 7.3% compared with the Sensex's 0.81% fall. The scrip had also underperformed the market over the past one quarter sliding 10.46% as against the Sensex's 4.49% rise. The scrip had also underperformed the market over the past one year declining 21.42% as against the Sensex's 15.4% rise.
The small-cap company has equity capital of Rs 21.06 crore. Face value per share is Rs 10.
Lypsa Gems & Jewellery announced that the company has fixed 13 July 2017 as record date to eligible shareholders for issuance of bonus share in the ratio 2:5 i.e. two bonus shares for every five held.
Lypsa Gems & Jewellery's consolidated net profit spurted 593.1% to Rs 7 crore on 55.7% increase in net sales to Rs 80.05 crore in Q4 March 2017 over Q4 March 2016.
Lypsa Gems & Jewellery is a wholly owned integrated diamond company sourcing rough diamonds from the major diamond mines and dealers, cutting and polishing them in its own factories & marketing its product to clients across the globe. It also sells diamond-studded jewellery under the Oropel and Lypsa Atelier brand names.
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