Palm Jewels skyrockets ~10% on bagging orders worth Rs5 crore during IIJS Exhibition

15 Sep 2022 , 11:19 AM

Palm Jewels Limited informed that it has been able to accomplish internal growth and profitability targets successfully. As a result, the company is planning expansion outside Gujarat to Chennai, Coimbatore, Tirupur, and other places in Tamil Nadu.

The company also informed that it has received new orders recently from clients based outside Gujarat. It has established a leading position in gold and silver ornaments in Gujarat and is now targeting regions across India.

Palm Jewels has received orders worth Rs5 crore, which aggregates to about 10,000 gms of gold in quantity during the IIJS (India International Jewellery Show) exhibition held in August 2022 in Mumbai.

The company will also participate in GJS (India Gem & Jewellery Show) exhibition to be conducted between September 22, 2022, to September 25, 2022, in Mumbai. The company is expecting a good quantity of orders from such exhibition.

The addition of new clients to our firm has resulted in a rise in our market share outside of Gujarat, as well as the development of our business, stated the company in regulatory filings.

Palm Jewels now seek to provide a better consumer offer by raising quality and design standards, assuring transparency, and expanding supply across India.

At around 11.23 AM, Plam Jewels was trading 10% higher at Rs31.35, against previous close of Rs28.50 on BSE. So far, it hit intraday high and low of Rs31.35 and Rs28.05 respectively.

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