Goldiam International Rs 360
Almost exactly an year back, in November 2023, Goldiam International was discussed, then at market price of Rs 160. It has more than doubled to Rs 360 today. But now the stance has been changed to ‘not sure’ following certain developments.
Goldiam International’s Q2FY25 was tepid with revenues flat at 141 Cr, Ebitda up 4% at 35 cr, PAT down 4% at 33 cr. Ordinarily, a one quarter miss does not affect the long-term view about a company. But in this case, there are a few other factors which necessitate rethink.
