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While the whole world is upset with the ongoing trade war between the US and China, some companies and countries are also benefiting from it. India is included in the list of such countries. Recently, the US increased the tariff on China and gave relief to the rest of the countries from this reciprocal tariff for 90 days.
It was affected that the shares of Goldim International, the big company in the jewelery sector, climbed 20 per cent to Rs 326.90 with an upper circuit on Friday. Actually, most of the company’s trade is in America and Europe. In such a situation, investors have expressed confidence in this stock on getting relief from Trump.
Trading with heavy volume
On Friday, the company’s shares saw heavy purchases. A total of 57.06 lakh shares were traded on BSE, in which a turnover of Rs 184.18 crore was registered. However, this stock is still below its moving average, which indicates instability in the coming days.
Goldim’s quarterly results
Goldim International recently released its quarterly results. The company has recorded a revenue increase of 104.1 percent on a quarterly basis, which is the highest in the last three years. Talking about financial health, the company’s interest expenditure is less than 1 per cent of operating revenue.
valuation and technical status
The current PE ratio of the company is 29.40 and PB ratio is 6.19, which is much higher than other companies in the sector. The beta bet is 1.18, which shows moderate volatility compared to the market.
what does Goldim International do?
Goldim International is one of the major jewelery manufacturer and exporting companies of India. The company’s headquarters are located in the SeepZ area of Mumbai. Goldam has expertise in the construction of diamond studded gold and silver jewelery. Most of the business of the company is in America and Europe.
disclaimer: (Here information provided is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult an expert before investing money as an investor. Never is advised by Abplive.com to invest money here.)"text-align: justify;"> Read also: US China Trade War: China got caught in Donald Trump’s move! America will ruin the country of Jinping like Russia?
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