On Thursday, Gautam Gems’ shares were held at a 5% upper circuit. The stock increased 5% to trade at Rs 21.15 after opening at Rs 20.55. The counter’s trading was instantly stopped.
The counter has reached the top circuit five times in a row. The multi-bagger return from the small-cap SME stock has increased the wealth of its owners. The stock has generated a staggering return of 153% during the last six months.
The company notified the BSE earlier on Wednesday that it had partially paid the sum of its share as the right issue of Rs 49 crore. The sum will go toward renewable energy sources. The business previously disclosed that the board is considering approving a request to enter the renewable energy industry.
Gautam Gems is a manufacturer, exporter, and importer of raw and polished diamonds situated in Surat. According to BSE records, the promoter and promoter group own 21.41% of the company, while the general public owns 78.59%.
The registered and corporate office for Gautam Gems is located in Surat, which is the diamond hub of India.
At Truoosh, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. All product details reflect the price and availability at the time of publication. If you buy something we link to on our site, Truoosh may earn commission.
