Goldiam International bags export order worth Rs60 crore; stock skids 4%

29 Mar 2022 , 01:19 PM

In its regulatory filing today, Goldiam International Limited has announced that the Company has received confirmed additional Export Orders worth Rs. 60 crores from its International clients for manufacturing of diamond-studded gold and larger carat lab-grown diamonds jewellery.

The aforesaid larger carat lab-grown diamonds will be utilized from the in-house diamond growing subsidiary Eco-Friendly Diamonds LLP, which gives full backward integration to further enhance the profit margin of the Company.

Earlier in February 2022, the company has also announced its first interim dividend of Rs3 per share for the current fiscal year.

At around 1.04 PM, Goldiam International’s scrip was trading 4.12% lower at Rs166.55 against its previous close of Rs173.70 on the National Stock Exchange. It touched an intraday high of Rs175.80 and an intraday low of Rs165.30.