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Mini Diamonds hits upper circuit on entering into strategic business arrangement with Parasamani
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Mini Diamonds (India) is currently trading at upper limit of Rs. 114.88, up by 2.25 points or 2.00% from its previous closing of Rs. 112.63 on the BSE.
The scrip opened at Rs. 114.88 and has touched a high and low of Rs. 114.88 and Rs. 114.88 respectively. So far 94563 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.88 on 26-Aug-2024 and a 52 week low of Rs. 17.00 on 31-Oct-2023.
Last one week high and low of the scrip stood at Rs. 114.88 and Rs. 104.07 respectively. The current market cap of the company is Rs. 270.76 crore.
The promoters holding in the company stood at 33.86%, while Non-Institutions held 66.14% stake in the company.
Mini Diamonds India (MDIL) has entered into a strategic business arrangement with Parasamani Inc., a jewellery company based in Toronto, Canada. This partnership represents a significant milestone in MDIL’s global expansion strategy and solidifies its position to be a pioneer in the lab-grown diamond jewellery industry.
Parasamani Inc. is a well-established enterprise in the Canadian wholesale jewellery market, with over a decade of experience and an extensive network of connections. Through this collaboration, Parasamani will market and promote MDIL’s lab-grown diamond jewellery across Canada, utilising its strong relationships with retailers, wholesalers, and distributors to significantly boost MDIL’s sales in the region.
By leveraging Parasamani’s established channels, MDIL will be able to offer Canadian clients a diverse range of lab-grown diamond jewellery, from occasion specials to everyday elegant pieces. Parasamani’s deep understanding of the Canadian market will ensure that MDIL’s collections resonate with local preferences while maintaining the highest standards of quality, craftsmanship, and sustainability.
Mini Diamonds (India) operates in one segment which is Jewellery manufacturing. The main object of the company is to process latest semi-automatic spinning mills for polishing diamonds & also computerized laser machine for sawing, crafting & cleaving.
