Multibagger Stock RO Jewels Jump 5% After FIIs Buys Stake Worth 2.80 Lakh Shares

Gems, Jewellery And Watches company RO Jewels is in focus amid two bulk deals. Both the bulk deals were executed at BSE on June 19.

CommendamInvestments purchased 312988 shares of the company at Rs 6.98 per share, BSE data showed.

Vikasa India EIF I Fund - Incube Global Opportunities purchased 280000 lakh shares at Rs 7 apiece, according to BSE data.

Earlier on June 15, Yacoobali Aiyub Mohammed had purchased 281914 shares of the company at Rs 6.35.

RO Jewels, a microcap player from the gems, jewellery and watches industry, has reported its financial performance in the period that ended on March 31, 2023.

The company's net profit surged in the March 2023 quarter.

The company announced a rise in revenue to Rs 490.72 million in March 2023 from Rs 104.92 million in December 2022. The net profit increased to Rs 1.91 million from Rs 0.36 million.

EPS for the quarter was posted at Rs 0.38 million. Cash EPS was reported at Rs 0.39 million. The OPM (operating profit margin) in percentage in March quarter was 0.51% and NPM 0.39%.

The shares of RO Jewels opened today on the BSE at Rs 7.15 apiece and clocked an intraday high of Rs 7.31 which logs in an upside gap of 4.57% from the previous close. The stock touched a 52-week-high of Rs 13.37 on (20/01/2023) and a 52-week-low of Rs 2.15 on (10/08/2022).