Buy Lypsa Gems & Jewellery; target of Rs 69: Joindre Capital

Joindre Capital's research report on Lypsa Gems & Jewellery

Lypsa Gems and Jewellery Ltd. (Lypsa), was promoted by Mr. Dipan Patwa, and started since 1992 and is engaged in the business of trading, importing, exporting, making and polishing activities of diamonds, gems, other precious stones and diamond jewellery. The company has a capacity of 87,500 stones per month which equals around 5,200 carats of rough diamonds which in turn is equal to around 2,000 carats of polished diamonds per month. Lypsa is based out of Mumbai sourcing from Antwerp, Dubai and Moscow catering to small and mid-level diamond manufacturers based in Mumbai and Gujarat.

Outlook

Hence we believe that the Lypsa stock should be purchased at the current price for a price target of around Rs 69 over the next 12 to 15 months.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More