Penny stock jumps 4% after securing ₹12 Cr order to supply lab grown diamonds

Synopsis: Mini Diamonds secured a ₹12 crore domestic order for lab-grown diamonds from a Mumbai-based client, strengthening its presence in India’s fast-growing lab-grown diamond market and supporting volume growth across B2B and B2C channels.

During Monday’s trading session, shares of a microcap company involved in the manufacturing and trading of diamonds surged nearly 4.5 percent on the BSE, after the company announced securing an order worth Rs. 12 crores from a Mumbai-based client.

At 11:09 a.m., shares of Mini Diamonds (India) Limited were trading in the green at Rs. 28.3 on BSE, up by around 2.3 percent, as against its previous closing price of Rs. 27.65, with a market cap of Rs. 333.5 crores. The stock has delivered negative returns of around 32 percent in one year, but has gained by more than 9 percent in the last five trading sessions.

What’s the News:

According to the latest disclosures filed with the BSE, Mini Diamonds (India) Limited announced that it has secured a domestic order valued at Rs. 12 crores from a Mumbai-based client.

The order involves the supply of lab-grown diamonds and will be executed as per the client’s specifications and the mutually agreed delivery schedule. This order aligns with the company’s strategic focus on scaling volumes across both B2B and B2C segments within the domestic market.

Mini Diamonds will manage the procurement, manufacturing, and dispatch of the order in line with its established operating procedures and stringent quality standards. The execution of this contract is expected to strengthen the company’s presence in India’s lab-grown polished diamond segment, enhance market visibility, and support opportunities for repeat business and deeper distribution channel penetration.

Financials & More:

Mini Diamonds reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 44 percent, from Rs. 104 crores in Q2 FY25 to Rs. 149.44 crores in Q2 FY26.

Likewise, the company’s net profit increased during the same period from Rs. 2.05 crores to Rs. 2.78 crores, representing an impressive rise of nearly 36 percent YoY. Mini Diamonds (India) Limited is engaged in the business of manufacturing, trading and exporting of cut and polished diamonds/studded jewellery.

MDIL excels in the manufacturing, marketing, and sales of exquisite lab-grown diamond jewellery. It serves both the Indian and international markets, offering our products through B2B and B2C channels.

The company has established a sophisticated manufacturing facility in Mumbai, strategically equipped with advanced technology and state-of-the-art machinery tailored specifically for processing rough diamonds. Within this facility, every facet of the diamond cutting and polishing process is handled using modern equipment, including sarin technology, auto bruiting machines, semi-automatic polishing mills, and sawing machines, among others.  

Written by Shivani Singh

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