/ Lypsa Gets A New Prestigious Order For Diamond Jewelry, Worth Rs 22.3 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 5 January 2017

Lypsa Gems and Jewellery DMCC, a wholly owned subsidiary of Lypsa Gems and Jewellery Ltd., (BSE: 534532, NSE: LYPSAGEMS) has received a prestigious new order worth Rs 22.3 crore from customers based out of UAE, for the supply of diamonds and diamond-studded jewelry. This order will be executed over a 9-month period.

On this note, the company's stock has touched a high today at Rs 65. It is currently trading up by 1.53%. Lypsa is in talks with leading ecommerce platforms like Flipkart, Jewel-souk and many others to expand their presence in the market. Commenting on the new prestigious order and industry turnaround, Jeeyan Patwa, director, Lypsa Gems and Jewelry Ltd., has said, “We are pleased to announce that our continuous focus and efforts on the Middle Eastern markets has helped us secure a new order worth Rs 22.3 crore. We are looking to further strengthen our presence in the International markets across the loose diamonds and jewelry segments. We are on track to achieve our vision of profitable growth not only in the international but also the domestic markets and are targeting to become a debt free Company soon.”
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