Ashapuri Gold Ornament moves up on expanding operations into North-East Indian market
Ashapuri Gold Ornament is currently trading at Rs. 7.20, up by 0.07 points or 0.98% from its previous closing of Rs. 7.13 on the BSE.
The scrip opened at Rs. 7.25 and has touched a high and low of Rs. 7.25 and Rs. 7.12 respectively. So far 523819 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 14.99 on 02-May-2024 and a 52 week low of Rs. 5.87 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 7.25 and Rs. 6.88 respectively. The current market cap of the company is Rs. 240.32 crore.
The promoters holding in the company stood at 48.06%, while Non-Institutions held 51.94% in the company.
Ashapuri Gold Ornament has expanded its operations into North-East Indian jewelry market. This initiative encompasses key regions including Kolkata, Odisha, Jharkhand, and Guwahati, as part of its broader vision to enhance national reach and serve evolving consumer preferences more effectively.
The Eastern Indian jewelry market is currently valued at an estimated Rs 80,000 crore ($9.5 billion) and is growing at a robust CAGR of 10-12% annually. These statistics underline the region's immense potential and align perfectly with its brand's core strengths in antique, heritage, and traditional jewelry segments.
This expansion not only enables Ashapuri Gold Ornament to establish a robust presence in one of India’s most promising markets but also reinforces its commitment to delivering long-term value creation for its stakeholders through sustained growth, profitability, and market
