Goldiam International surges over 3 per cent on bagging export order worth Rs 50 crore

Goldiam Group has received confirmed additional export orders worth Rs 50 crore from its international clients for manufacturing of diamond-studded designed gold & lab-grown diamonds jewellery. 

With this additional order, Goldiam Group's order book crosses an aggregate of Rs 200 crore as of now. The order will be delivered within six months.  

Reacting to this, the company’s stock today increased by 3.22 per cent and made an intraday high of Rs 384.90 per share at 11.23 am. The stock of the company has increased by 381.13 per cent from its decline in May 2020.  

Goldiam International operates as a manufacturer of diamond-studded gold, platinum, and silver jewellery. Some of its products are gold and diamond-studded rings, light-weight American cluster rings, cocktail rings, channel set bands, pendants, diamond and colour-studded bracelets, earrings, etc.    

According to BSE data, the stock traded at a P/E multiple of 45.29 and a price-to-book ratio of 3.64. The stock has a 52-week high and a 52-week low of Rs 394.20 and Rs 78.65, respectively.       

At 1.14 pm on Tuesday, the stock of the company was trading at Rs 375.90, up by 0.80 per cent on BSE.