RO Jewels in Limelight

RO Jewels shares witnessed heavy buying interest in early morning deals on Tuesday as the small-cap penny stock has been attracting both domestic and foreign investors after the announcement of Q4 results. As per the bulk deal details available on BSE website, Mauritius-based foreign institutional investor (FII), Vikas India EIF I Fund has invested in this small-cap stock priced below ₹10. The FII has bought 2.80 lakh RO Jewels shares through a bulk deal executed on 19th June 2023. The Mautirium-based FII bought these shares paying ₹7 apiece. This means, the Mauritius-based AMC has invested ₹19.60 lakh in this penny stock priced below ₹10.

After the outbreak of this stock market news, RO Jewels attracted huge buying interest during the opening bell today. RO Jewels share price today opened upside and went on to hit intraday high of ₹7.31 apiece, logging intraday gain to the tune of 4.60 per cent within few minutes of stock market’s opening bell today.

RO Jewels Q4 results

The micro-cap stock reported over 900 per cent YoY rise in revenue to ₹506.52 crore against ₹46.79 crore in the financial year 2021-22. The gems and jewelry company reported over 1000 per cent rise in EBIDTA during the fourth quarter results in the financial year 2022-23. Company’s PAT grew by around 1050 per cent in January to March 2023 quarter.

In FY23, the gems and jewelry company reported 1345 per cent YoY rise in revenue at ₹491.25 crore against ₹33.98 crore in the previous fiscal. Company’s profit after tax (PAT) grew by over 2400 per cent in the financial year 2022-23.