Introduction:
Tata group partner Ashapuri Gold Ornament witnessed a notable stock surge, reaching a 5% upper circuit following a new agreement with Titan Company. This deal ensures Ashapuri will supply gold jewellery until 2026, potentially boosting its market presence and financial outcomes significantly.
Share Price movement of Ashapuri Gold Ornament:
Ashapuri Gold Ornament’s share price opened at 8.61 and subsequently hit the 5% upper circuit limit by the close of trading, reflecting a positive investor response to the company’s new supply agreement with Titan Company. This movement highlights strong market confidence in Ashapuri’s strategic business developments.
Ashapuri Gold Ornament price rise:
Ashapuri Gold Ornament Ltd. experienced a significant stock surge, hitting the 5% upper circuit, following an announcement of a new supply agreement with Titan Company. This contract will see Ashapuri supplying gold jewellery until 2026 based on Titan’s orders.
The company, established in 2008, specialises in the design, manufacture, and trade of a diverse range of gold jewellery, expanding from wholesale to include retail. Its offerings span several collections and types of jewellery, catering to the evolving preferences of consumers.
Ashapuri operates from a production facility in Ahmedabad and has partnerships with notable jewellers like Tanishq and Malabar Gold & Diamonds. This strategic collaboration with Titan is expected to further enhance Ashapuri’s market presence and financial performance.
Recent news About Ashapuri Gold Ornament:
Ashapuri Gold Ornament’s share price soared to a 5% upper circuit after announcing a supply agreement with Titan Company. This deal commits Ashapuri to provide gold jewellery to Titan until 2026, significantly boosting investor confidence and enhancing Ashapuri’s market visibility and strategic position.
Stock performance of Ashapuri Gold Ornament for Period of 1 week, 6 months, 1 year:
Ashapuri Gold Ornament’s stock performance has faced significant declines across different time frames. Over the past week, the stock decreased by 6.92%. Looking at a longer period, the stock fell by 33.0% over the last six months, and over the past year, it saw a decrease of 21.3%.
Shareholding pattern of Ashapuri Gold Ornament:
| Shareholders | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 48.06% | 48.06% | 64.08% |
| FIIs | 0.00% | 1.74% | 0.00% |
| Public | 51.94% | 50.19% | 35.91% |
| No. of Shareholders | 74,358 | 68,014 | 46,212 |
About Ashapuri Gold Ornament
Ashapuri Gold Ornament Ltd., established in 2008, specialises in the design, manufacturing, and trading of various gold jewellery collections. Based in Ahmedabad, the company has expanded from wholesale to retail, catering to a diverse customer base with offerings like Pota, Kundan, and Ghat jewellery collections.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
