Mini Diamonds Stock Hit Upper Circuit Today After Company Got New Order

Mumbai, July 15, 2025 – Shares of Mini Diamonds India Ltd hit the upper circuit at ₹182.75 in early trade on July 15, 2025, registering a 5% gain. The sharp uptick followed renewed investor interest after the company disclosed a key international business development.

The movement followed the company’s disclosure of a fresh export deal with Dia-Globe Singapore PTE Ltd. The order, valued at USD 2 million, involves the supply of lab-grown polished diamonds and is to be fulfilled within a 60-day timeframe. The deal is expected to bolster MDIL’s export volumes and market visibility overseas.

Shares of Mini Diamonds India Ltd were locked at the upper circuit of ₹182.75, marking a 5% gain. The stock opened higher and quickly reached its price band limit for the day.

Key Price Action

Export Order

The company secured a significant export order from Dia-Globe Singapore PTE Ltd for its lab-grown polished diamonds. The total contract size is USD 2 million. The export should be completed within 60 days, while payment is expected within 150 days of order completion.

Commenting on the development, Chairman and Managing Director Upendra N. Shah stated that the Singapore order reflects growing global acceptance of lab-grown diamonds and highlights client confidence in MDIL’s product quality. They reiterated their focus on scaling production and strengthening international partnerships to support long-term growth.

Outlook

The export order has reinforced investor confidence, driving the stock to its upper circuit. The market response suggests optimism around MDIL’s global growth prospects, with expectations of improved revenue visibility and export scale-up in the lab-grown diamond segment in the near term. With the current rally and robust order pipeline, investors are watching MDIL’s ability to scale exports and maintain growth momentum in the lab-grown diamond segment.

Company Background

Established in 1987, Mini Diamonds India Ltd is a BSE-listed manufacturer specializing in cut and polished diamonds and jewellery. The company operates a technologically advanced facility in Mumbai, equipped with precision machinery for both diamond processing and jewellery manufacturing. MDIL has a strong presence in both B2B and B2C segments across Indian and international markets.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/16f153fd-fa5a-4f9f-9295-5185271b9a0f.pdf

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