This Penny Stock From The Jewelley Space Is A Multibagger: Check Details

Penny stock that could offer good returns in a short span are difficult to find and in fact they equally carry high risk. Likewise, here is a scrip from the booming jewellery space that in a year's time has zoomed 117%.

About the company

This is a gold jewellery designing firm-Moksh Ornaments and is an expert in several types of gold bangles, a brand that offers a tantalizing blend of modern and traditional jewellery. The company is into creating exquisite prices of jewellery.The company was incorporated in 2012 and is headquartered in Mumbai, India.

 

Scrip fundamentals

Going by the scrip, this is a small company and in comparison to the sector and its peers command a poor valuation with P/E at 30.8 times.

Also, when coming to its financials, net income has reduced from Fy 20 to Fy21 and if we talk of the recent quarter ended December then the company's income from operations has come down, likewise its net profit for the period almost halved to Rs. 1.12 crore, suggesting that the financials are not that encouraging.

Stock price trajectory

The company's 52 week low price is Rs. 8.01 while its 52 week high is Rs. 123.85 per share. Furthemore, the stock's lifetime low and high are Rs. 3.25.

In trade on April 12, 2022, the stock is trading with a cut of 1.5% at Rs. 19.65.

Conclusion

The stock is from a sector that with the rising purchasing power is gaining traction among women. Nevertheless though the sector looks strong in the time to come, there are some headwinds of the stock that need not be missed including high volatility in share price, decline in profit margin over a year in comparison to the last year. Also, the company's positives such as its profitability stance, debt being low cannot be ignored.

So, we cannot really predict whether this jewellery stock can be another Titan in the making and hence take your call as per your risk profile.