Goenka Diamond hits upper circuit today, may be multibagger

[Shivarama Karkala]

Today, Goenka Diamond was like a rocket. It went up 10% and was stopped by the circuit breaker.

It looks like the stock is finally getting noticed by big investors and is getting ready for a big up move.

Goenka Diamond has a book value of Rs 7 and is almost debt free as per my information.

The Net Sales of Goenka Diamond at Rs 4.02 crore in December 2019 up 1139.35% from Rs. 0.32 crore in December 2018.

Quarterly Net Profit at Rs. 0.07 crore in December 2019 up 104.05% from Rs. 1.69 crore in December 2018.
EBITDA stands at Rs. 0.33 crore in December 2019 up 123.24% from Rs. 1.42 crore in December 2018.

Goenka Diamond appears to be a promising multibagger stock. Pl share your views.

[RKD]

Goenka Diamonds has a few virtues. I have put it in my scanner and will study it carefully.