SKYGOLD Rs 1650
It is an 18 year old B2B jewellery maker mainly supplying 22k light weight jewellery to brands like Malabar, Kalyan, Joylukkas, Senco, Thangamayil etc. Company is in talks with Tanishq for supplies. If successful, it could be a big positive trigger.
Its business model is quite interesting. It is similar to what Amber and PG Electroplast are doing in AC’s. Skygold is supplying to 15 out of 20 organized players. It will grow at the pace of the organized sector irrespective of who the front end B2C winner is.
