11 Sep 2024

Mini Diamonds Surges After Securing Major Jewellery Order from Parasmani Inc

Mini Diamonds (India) has reached its upper trading limit at Rs. 129.00, gaining 2.50 points or 1.98% from its previous close of Rs. 126.50 on the BSE.

The stock opened and remained steady at Rs. 129.00, with 3,088 shares traded so far. It has hit a 52-week high of Rs. 129.00, with a low of Rs. 17.00 recorded on 31st October 2023.

The stock's high and low for the past week stood at Rs. 129.00 and Rs. 119.30, respectively, and the company’s market capitalization is currently Rs. 304.04 crore. The promoter stake in the company is at 33.86%, while the remaining 66.14% is held by non-institutional investors.

Mini Diamonds India (MDIL) has recently bagged an order for 2,000 pieces of 14KT gold jewellery embedded with lab-grown diamonds from Parasmani Inc., a Toronto-based wholesale jewellery company. Parasmani Inc. has a decade-long legacy in the jewellery market, and this partnership is expected to boost MDIL’s footprint in North America.

MDIL is a leading player in the jewellery manufacturing sector, specializing in diamond polishing using advanced semi-automatic spinning mills and computerized laser technology for cutting and shaping diamonds.