Mini Diamonds rises on bagging export order worth $2 million
Mini Diamonds (India) is currently trading at Rs. 141.85, up by 1.65 points or 1.18% from its previous closing of Rs. 140.20 on the BSE.
The scrip opened at Rs. 142.75 and has touched a high and low of Rs. 142.75 and Rs. 140.40 respectively. So far 2334 shares were traded on the counter.
The BSE group 'X' 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. 97.50 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 143.40 and Rs. 140.00 respectively. The current market cap of the company is Rs. 334.56 crore.
The promoters holding in the company stood at 4.89%, while Non-Institutions held 95.11% stake in the company.
Mini Diamonds (India) has secured another export order valued at $2 million (around Rs 17.80 crore) from Gogreen Diamonds Singapore PTE for supply of lab-grown cut and polished diamonds. This order comes on the back of earlier export orders received from various overseas clients and reflects the steady progress the company is making in building its export franchise in lab-grown diamonds. The company continues to win business by offering reliable quality and sharp pricing to overseas buyers.
The growing flow of orders from overseas markets indicate the company’s gradual buildup of a wider base of international customers beyond the US. This trend is in line with the broader increase in global demand for lab-grown diamonds and supports the company’s strategy of increasing its export mix.
Mini Diamonds (India) (MDIL) 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.
