Penny inventory beneath ₹10 Ashapuri Gold Decoration Ltd noticed its share value acquire 10% between Monday and and Thursday this week ended 14 November after receiving an order from Titan Firm Ltd.
The Ashapuri Gold decoration share value ended at ₹9.00 on the BSE on Thursday 14 November marking beneficial properties of just about 10 from closing ranges of ₹8.20 for Ashapuri Gold Ornaments on Monday.
Ashapuri Gold Ornaments Ltd in its launch on the exchanges on 11 November 2024, Monday, publish market hours has mentioned that it has entered into an settlement for provide of Gold Jewelry to the Titan Firm Restricted.
As per the discharge All Orders From 01st August, 2024 Until thirty first July, 2026 can be lined beneath this .Contract.
Ashapuri Gold Ornaments referring to Broad consideration or dimension of the order mentioned that it is a Contract for Provide of Gold Jewelry as per the orders positioned by the Titan throughout the time period of Contract. Therefore, there isn’t a unique quantity talked about within the Contract.
Amongst different issues talked about within the launch referred to order being awarded by a Home entity.
Q2 Outcomes
Ashupuri Gold Ornaments had declared its monetary efficiency for the July – September 20024 quarter (Q2 Fy25) on 18 October 2024.
The revenue earlier than reported by Ashapuri Gold Ornaments at ₹4.61 crore nearly doubled in comparison with 2.39 crore within the yr in the past quarter.
The Internet revenue reported by Ashapuri Gold Ornaments at ₹3.45 additionally was up 92% from ₹1.8 Crore within the yr in the past quarter. On sequential foundation too, the online revenue reported by Ashapuri Gold Ornaments grew 28% over that within the April – June quarter.
Ashapuri Gold ornaments whereas has seen its share value decline from 52 week or 1 yr excessive seen on ₹16.27 in January 2024 to 52 week or 1 yr lows of ₹6.64 In August , nonetheless has rebounded nicely thereafter and is up 35.5% to ₹9 ranges now.
Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking firms, not of Mint. We advise buyers to examine with licensed specialists earlier than making any funding choice.
