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Flawless Diamond informed the market that it has bagged two export orders worth Rs 31.50 crore from Hong Kong and Dubai. The Stock got noticed and it went up by almost 10 percent today.This is like one of the stock which can be considered good investment in gold and diamond sectors.The current price of 55 to 56 rs is just PE multiple of 2.76.considering the annualized eps of 21 .
Flawless Diamond India Ltd has informed the market that they have received Two Prestigious Order for its newly launched Designer Jewellery.
1. First Order received from Diambel N.V., Belgium for its AUM Signature and AUM Star Series of Designer Jewellery worth Rs 192 Million.
2. Second Order received from Malay Impex, Hong Kong for its AUM Ethereal and AUM Galaxy Series of Designer Jewellery worth Rs 234 Million.
Gitanjali Gems through it subsidiary Gitanjali Lifestyle limited has acquired three company i various fields but something to deal with gold , the company is as follows.
Company
RENAISSANCE RETAIL VENTURE PVT LTD : It was sold by renaissance Jewellers , they deal with retail shopping for jewels.
MOHAR JEWELS LTD : They deal with gold loans.
Trinity Watch Company Pvt Ltd : They with Wtahc Sales under its premium brand IRIS.
Yesterday we saw some stocks that really benefit from Raiulway budget today , even before the Budget i have some recommendations like in the Gems and Jewels section , almost every analyst are looking for a Excise Duty cut for Gems and Jewels , So if thats the case that will increase the Revenue by reducing the spendings , these stocks will benefit from any measure like that.
Just did some analysis and these stocks look good fundamentally also
Classic Diamonds (B1) 80.75
Gitanjali Gems (B1) 302.35
Shrenuj & Co (B1) 51.80
Su-RajDiamonds&Jewel (B1) 64.30
Suashish Diamond (B1) 245.05
Flawless Diamond (B2) 75.35
Golkunda Diamond (B2) 15.35
Rajesh Exports L (B2) 120.45
Shyam Star Gems (B2) 116.80
Rajesh Exports Ltd has informed BSE that the Company has bagged a mega order worth Rs 743 crores of gold jewellery from Gold Star Jewellery, Singapore.I had earlier recommended 2 days back after the company posted a very good profit .
Gitanjali Gems Ltd has informed that D’Damas Jewellery (India) Pvt Ltd, a joint venture Company, has become the Company’s 51% subsidiary.
Reliance Money, the stock broking arm of Anil Dhirubhai Ambani Group, is now foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.