Veteran investor Dolly Khanna reduced stake in two companies during the December quarter. These two companies are NCL Industries and Tinna Rubber & Infrastructure.
Shares of a smallcap company engaged in the gems and jewelery industry have seen a tremendous rally in the last few years. This company is Goldiam International. Shares of the smallcap company have risen from Rs 6 to Rs 130 in the last few years. Two veteran investors have placed big bets on the shares of Goldium International. Shares of the company closed at Rs 137.05 on Thursday, up 6.57 per cent.
Rs 1 lakh has become more than Rs 24 lakh
Goldiam International shares were trading at Rs.5.51 on the Bombay Stock Exchange (BSE) on December 28, 2012. Shares of the smallcap company closed at Rs 137.05 on December 29, 2022 at BSE. If a person had invested Rs 1 lakh in Goldium International shares on December 28, 2012 and had maintained his investment, this money would have been worth Rs 24.87 lakh at present. The 52-week high level of Goldium International shares is Rs 209.41. At the same time, the 52-week low level of the company’s shares is Rs 116.75.
Damani and Mukul Agarwal have placed bets on the company
2 giants of the stock market have placed big bets on the company. As per the shareholding data as on 30 September 2022, Ramesh Damani holds 17,17,340 shares or 1.58% stake in the company. Whereas, Mukul Mahaveer Agarwal holds 30,00,000 shares or 2.75% stake in the company. Monarch Networth Capital has given a buy rating on the company’s shares with a target price of Rs 185 on the company’s shares in November report. The market cap of the company is Rs 1494 crore.
19.3 crore profit to the company in September 2022
Goldium International has reported a net profit of Rs 19.30 crore for the July-September quarter. The company’s revenue in the September quarter was Rs 75.56 crore. The company’s revenue in the June quarter was Rs 89.12 crore. At the same time, the company made a profit of Rs 13.16 crore in the first quarter.
Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.