What's Happening?
Golkunda Diamonds & Jewellery Limited, a micro-cap jewellery company, has reported a 203% year-over-year increase in net profit for Q2 FY26. The company's revenue grew by 42.42% YoY, leading to a 20% upper
circuit in its stock price. Golkunda Diamonds specializes in manufacturing and exporting diamond-studded gold jewellery globally. The company operates advanced manufacturing units in Mumbai and participates in major international jewellery exhibitions.
Why It's Important?
Golkunda Diamonds' significant profit increase highlights the company's strong performance and growth potential in the jewellery industry. The stock's upper circuit reflects investor confidence in the company's financial results. As a micro-cap company, Golkunda's success demonstrates the potential for smaller firms to achieve substantial growth. The company's international presence and participation in exhibitions enhance its market reach and brand recognition.
