Lypsa Gems slips on profit booking

Lypsa Gems & Jewellery fell 4.29% to Rs 68.10 at 14:18 IST on BSE, with the stock declining on profit booking after recent sharp rally.

Meanwhile, the S&P BSE Sensex was down 180.89 points or 0.62% at 29,050.52.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 26,589 shares in the past one quarter.

The stock hit a high of Rs 71.70 and a low of Rs 68.10 so far during the day. The stock had hit a record high of Rs 132.07 on 17 July 2014. The stock had hit a record low of Rs 60.30 on 24 December 2014.

The stock had outperformed the market over the past one month till 20 February 2015, surging 12.76% compared with Sensex's 1.55% rise. The scrip had also outperformed the market in past one quarter, jumping 5.1% as against Sensex's 4.15% rise.

The small-cap company has equity capital of Rs 21.06 crore. Face value per share is Rs 10.

Shares of Lypsa Gems & Jewellery had rallied 11.52% in two trading sessions to settle at Rs 71.15 on Friday, 20 February 2015, from a recent low of Rs 63.80 on 18 February 2015.

Lypsa Gems & Jewellery during market hours on Friday, 20 February 2015 said it has bagged an export order worth Rs 32 crore for the supply of polished diamonds from its UAE based customers. The latest export order will be executed over a time span of 12 months. The UAE based customers intend to fulfill their jewellery orders using the polished diamonds, Lypsa Gems said in a statement.

On consolidated basis, Lypsa Gems & Jewellery's net profit surged 107.8% to Rs 4.26 crore on 20.3% growth in net sales to Rs 152.87 crore in Q3 December 2014 over Q3 December 2013.

Lypsa Gems & Jewellery is engaged in the manufacturing and export of diamonds.

Powered by Capital Market - Live News