Shares of Moksh Ornaments Limited, a Mumbai-based gold jewellery trading company, soared 13% during Tuesday’s trading session on the National Stock Exchange (NSE). The surge followed a bulk deal in which foreign investor Investi Global Opportunity Fund PCC purchased 6.4 lakh equity shares, signaling strong investor confidence in the company’s prospects.
Stock Price Movement
At 12:43 p.m., Moksh Ornaments Limited’s stock was trading at Rs. 13.58 on the NSE, reflecting a 10.4% increase from its previous close of Rs. 12.30. The company, which currently holds a market capitalization of Rs. 113.7 crores, experienced heightened trading activity following the major bulk deal transaction.
Bulk Deal Details
According to the latest data from the NSE, Investi Global Opportunity Fund PCC acquired 6.4 lakh equity shares in Moksh Ornaments at an average price of Rs. 12.30 per share. The total transaction was valued at approximately Rs. 78.72 lakhs. Meanwhile, Pine Oak Global Fund offloaded nearly 6.45 lakh shares at the same price, amounting to Rs. 79.3 lakhs.
The significant acquisition by a foreign institutional investor (FII) suggests growing interest in Moksh Ornaments and its future growth potential.
Recent Business Developments
Moksh Ornaments has been actively expanding its business and product portfolio to cater to evolving consumer preferences. On February 4, 2025, the company secured a substantial order worth Rs. 120 crores from Lalithaa Jewellery Mart for the supply of new 22-carat gold ornaments. This deal is expected to enhance the company’s revenue and market presence significantly.
Additionally, Moksh Ornaments has announced plans to introduce rose gold ornaments with lighter carats, aligning with modern consumer trends. The company is also exploring opportunities in new international markets to expand its global footprint.
Financial Performance
Moksh Ornaments has demonstrated strong financial growth in recent quarters. In Q3 FY25, the company’s revenue from operations saw a 38% year-on-year (YoY) increase, rising from Rs. 85 crores in Q3 FY24 to Rs. 117.3 crores.
Similarly, its net profit surged by 66.6% YoY, climbing from Rs. 1.5 crores in Q3 FY24 to Rs. 2.5 crores in Q3 FY25. The impressive financial performance indicates robust operational efficiency and increasing demand for the company’s jewellery products.
About Moksh Ornaments Limited
Founded in 2012, Moksh Ornaments Limited specializes in the manufacture, export, and trade of gold jewellery. The company is known for its blend of modern and traditional designs, catering to a wide range of customers. With a stronghold in gold bangle manufacturing, Moksh Ornaments continues to innovate and expand its product line to meet shifting consumer demands.
Market Outlook
The recent bulk deal underscores growing investor confidence in Moksh Ornaments. With strategic expansion plans, new product offerings, and strong financial performance, the company appears well-positioned for future growth. Investors will be closely watching upcoming developments and financial results to assess the long-term potential of this emerging jewellery brand.
