Lypsa Gems & Jewellery fetches order worth Rs 224 million

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Lypsa Gems & Jewellery Ltd subsidiary Lypsa DMCC has received a new order worth Rs 224 million from customers in UAE. This order will entail supply of loose polished diamonds across different sizes within certain quality parameters as well as diamond studded jewellery.
For its domestic business, the company is planning to increase the contribution of the retail jewellery business generated by ‘Lypsa Atelier’ & ‘Oropel’.

The diamond industry has witnessed a revival in last 6 months and diamond demand has remained stable.
The stock is performing in a bearish mood slipping over 2% at Rs 65.15 per share on BSE. The traded volume of the stock stood at 94240 shares and the traded value is at 62.10 lakhs on NSE on the 2nd half of trade in Friday’s session.  

Stock view :-

Lypsa Gems & Jewellery Ltd is currently trading at Rs 67.75, up by Rs 1.05 or 1.57% from its previous closing of Rs 66.7 on the BSE.
The scrip opened at Rs 68.2 and has touched a high and low of Rs 68.2 and Rs 64.55 respectively. So far 154337(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 140.47 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 104.1 on 17-May-2016 and a 52 week low of Rs 49 on 30-Nov-2016. Last one week high and low of the scrip stood at Rs 67.95 and Rs 64.3 respectively.
The promoters holding in the company stood at 36.06 % while Institutions and Non-Institutions held 2.59 % and 61.35 % respectively.
The stock is currently trading above its 50 DMA.

Lypsa Gems & Jewellery Ltd :-

BSE 65.95 [0.75] ([1.12]%)
NSE 64.50 [1.95] ([2.93]%)


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