17 Aug 2024

Ashapuri Gold Ornament Reaches New Heights with Rs 105 Crore Order

Ashapuri Gold Ornament's stock is soaring, currently trading at Rs. 7.32, marking an increase of 0.34 points or 4.87% from its previous close of Rs. 6.98 on the BSE.

The stock opened at Rs. 7.08, reaching a high of Rs. 7.32 and a low of Rs. 6.64 during the session. A total of 2,617,227 shares have been traded so far.

This 'T' category BSE stock, with a face value of Rs. 1, achieved a 52-week high of Rs. 16.27 on January 9, 2024, and a 52-week low of Rs. 6.64 on August 16, 2024.

Over the past week, the stock has fluctuated between Rs. 7.35 and Rs. 6.64. The company's current market capitalization stands at Rs. 243.99 crore.

Promoters hold a 48.06% stake in the company, while institutions and non-institutional investors hold 1.74% and 50.20%, respectively.

Ashapuri Gold Ornament has secured orders valued at approximately Rs 105 crore for the supply of antique gold jewelry. These orders come from prestigious clients like Malabar Gold, Kalyan Jewellers India, Tribhovandas Bhimji Zaveri, and others, to be fulfilled in the fiscal year 2024-25.

Previously, the company had received orders worth Rs 20 crore for similar supplies.

Ashapuri Gold Ornament specializes in the wholesale trading of jewelry.