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Goldiam Intl surges after winning export orders

Capital Market 

The stock jumped 5.22% to Rs 99.75 after the company said it bagged export orders worth Rs 100 crore from its international clients.

The orders for manufacturing diamond studded designed gold jewellery will be delivered within the next 3 months. The announcement was made during trading hours today, 20 August 2019.

Meanwhile, S&P BSE Sensex was down 107.27 points or 0.29% at 37,295.22.

On BSE, 3,229 shares were traded in Goldiam International counter, compared to a 2-week average of 2,864 shares. The stock hit an intraday high of Rs 100.55 and an intraday low of Rs 95.80. It hit a 52-week high of Rs 137.90 on 14 June 2019 and a 52-week low of Rs 63.80 on 28 September 2018.

The stock has risen 9.49% in four trading sessions to its current market price of Rs 99.75, from a recent closing low of Rs 91.10 on Tuesday, 13 August 2019.

Goldiam International's consolidated net profit rose 17.1% to Rs 11 crore on 15.9% decline in net sales to Rs 80.95 crore in Q1 June 2019 compared with Q1 June 2018.

Goldiam International makes and exports diamond studded gold, platinum and silver jewelry.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 20 2019. 12:38 IST