Lypsa Gems & Jewellery surged 7.4% to Rs 72.55 at 11:20 IST on BSE after the company said it has bagged an export order worth Rs 32 crore for the supply of polished diamonds from its UAE based customers.
The new order was announced during market hours today, 20 February 2015.
Meanwhile, the S&P BSE Sensex was down 172.70 points or 0.59% at 29,289.57.
On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 25,718 shares in the past one quarter.
The stock hit a high of Rs 77 and a low of Rs 68 so far during the day. The stock had hit a record high of Rs 132.07 on 17 July 2014. The stock had hit a record low of Rs 60.30 on 24 December 2014.
The stock had outperformed the market over the past one month till 19 February 2015, surging 6.71% compared with Sensex's 4.25% rise. The scrip had, however, underperformed the market in past one quarter, sliding 0.3% as against Sensex's 5.1% rise.
The small-cap company has equity capital of Rs 21.06 crore. Face value per share is Rs 10.
Lypsa Gems & Jewellery said that the latest export order will be executed over a time span of 12 months. The UAE based customers intend to fulfill their jewellery orders using the polished diamonds, the company said in a statement.
On consolidated basis, Lypsa Gems & Jewellery's net profit surged 107.8% to Rs 4.26 crore on 20.3% growth in net sales to Rs 152.87 crore in Q3 December 2014 over Q3 December 2013.
Lypsa Gems & Jewellery is engaged in the manufacturing and export of diamonds.
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