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Shree Ganesh Jewellery soars on reporting 94% rise in Q2 net profit

07 Nov 2012 Evaluate

Shree Ganesh Jewellery is currently trading at Rs. 128.30, up by 8.15 points or 6.78% from its previous closing of Rs. 120.15 on the BSE.

The scrip opened at Rs. 121.50 and has touched a high and low of Rs. 131.60 and Rs. 121.00 respectively. So far 4, 02,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 152.50 on 09-Nov-2011 and a 52 week low of Rs. 65.20 on 07-May-2012.

Last one week high and low of the scrip stood at Rs. 131.60 and Rs. 116.50 respectively. The current market cap of the company is Rs. 778 crore.

The promoters holding in the company stood at 70.66% while Institutions and Non-Institutions held 9.31% and 20.03% respectively.

The company has reported 93.64% rise in its net profit at Rs 82.57 crore for the quarter as compared to Rs 42.64 crore for the same quarter in the previous year. Total income of the company has increased by 53.66% at Rs 2279.05 crore for quarter under review as compared to Rs 1483.19 crore for the quarter ended September 30, 2011.

Shree Ganesh Jewellery House is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Its  products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

   

Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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