12 Nov 2024

Ashapuri Gold Ornament Reaches Upper Circuit with New Agreement to Supply Gold Jewellery to Titan

Ashapuri Gold Ornament's stock hit its upper circuit limit at Rs. 8.61 on the BSE, marking a 5% rise of 0.41 points from its previous close of Rs. 8.20. The stock opened and reached a peak at Rs. 8.61, with no fluctuation, as 456,536 shares changed hands.

This BSE 'B' category stock, with a face value of Rs. 1, recorded a 52-week high of Rs. 16.27 on January 9, 2024, and a low of Rs. 6.64 on August 16, 2024. Over the past week, it traded between Rs. 9.25 and Rs. 8.14. The company's market capitalization currently stands at Rs. 286.98 crore. 

Promoters hold a 48.06% stake, while non-institutional investors own the remaining 51.94%. 

The company recently secured an agreement to supply gold jewellery to Titan Company from August 1, 2024, through July 31, 2026. Previously, Ashapuri Gold received an order from Titan to supply antique gold jewellery. Specializing in wholesale jewellery trading, Ashapuri continues to strengthen its market position through key partnerships.