Mini Diamonds (India) touches the roof on inking MoU with Unique Lab Grown
Mini Diamonds (India) is locked its upper circuit at Rs. 216.20, up by 4.20 points or 1.98% from its previous closing of Rs. 212.00 on the BSE.
The scrip opened at Rs. 216.20 and has touched a high and low of Rs. 216.20 and Rs. 216.20 respectively. So far 3693 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.00 on 05-Dec-2024 and a 52 week low of Rs. 69.89 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 216.20 and Rs. 195.95 respectively. The current market cap of the company is Rs. 509.56 crore.
The promoters holding in the company stood at 4.95%, while non-institutions held 95.05% stake in the company.
Mini Diamonds (India) has signed Memorandum of Understanding (MoU) with Unique Lab Grown, a leading global producer of Lab-Grown Rough Diamond. Through this MoU, the company shall have priority to receive supply of Lab-Grown Rough Diamond from 100 machines, which has capacity to produce around 10,000 to 15,000 carats of Lab-Grown Rough Diamond in a month.
This partnership shall ensure a consistent and high-quality supply of Lab-Grown Rough Diamond, enabling the company to scale production of lab grown polished diamonds through its high-end manufacturing facility which shall solidify its position as a key player in the industry. This arrangement marks a major step in the company’s expansion strategy, strengthening its supply chain and enhancing its offerings across domestic and international markets.
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.
