Goldiam International shares surge after bagging export orders worth Rs 30 cr

Goldiam International has received export orders for diamond studded gold jewellery worth Rs 30 crore from a new non-American retail consumer, including orders for lab-grown diamond jewellery. The directive must be carried out by October 30, 2023. 

Previously, the business had secured export orders worth Rs 50 crore from its international clients for the manufacture of diamond studded gold jewellery, which included 35% of orders for lab-grown diamond jewellery. 

Goldiam International is in the business of manufacturing and exporting Jewellery. The company’s product line consists of varieties of designs, including Rings, Earrings, pendants etc. Goldiam International Limited’s Subsidiary Company, Diagold Designs Limited, has ventured into the Russian market with a Distribution & Retail business in diamond studded jewellery manufactured in the Group’s factories in India and China. 

Goldiam manufactures the above in gold as well as in platinum. The continuous commitment of their management along with 450 skilled workers has enabled them to approach the new millennium with a positive and aggressive attitude. Goldiam caters to the needs of all customers Globally. 70% of its annual production is exported to the American market. 

Goldiam International is currently trading at Rs 130, up by 0.95 points or 0.74% from its previous closing of Rs 129.05 on the BSE. The scrip opened at Rs 130 and has touched a high and low of Rs 132.45 and Rs 129.05 respectively. So far 27255 shares were traded on the counter. 

The BSE group ‘B’ stock of face value of Rs 2 has touched a 52-week high of Rs 178.95 and a 52-week low of Rs 121. Last one week high and low of the scrip stood at Rs 132.45 and Rs 128.05 respectively. The current market cap of the company is Rs 1421.57 crore. The promoters holding in the company stood at 66.39%, while Institutions and Non-Institutions held 0.06% and 33.55% respectively.