Lypsa Gems & Jewellery spurts 6% after bagging order

The company has bagged an order worth Rs. 467 million to supply diamonds to its customers in the UAE.

Lypsa Gems & Jewellery has rallied 6% to Rs. 137 after the company has bagged an order worth Rs. 467 million to supply diamonds to its customers in the UAE.

The scrip opened at Rs. 132.2 and has touched a high and low of Rs. 141.5 and Rs. 132.2 respectively. So far 209,320 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 271.88 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 140.9 on 11-Nov-2015 and a 52 week low of Rs. 57.65 on 30-Jul-2015. Last one week high and low of the scrip stood at Rs. 132.5 and Rs. 113 respectively.

The promoters holding in the company stood at 36.02 % while Institutions and Non-Institutions held 0.98 % and 63 % respectively.

The stock is currently trading below its 50 DMA