Stock under ₹10 jumps 4% after promoter buys stake worth over ₹4 Cr in the Co.

The shares of a Microcap company that is involved in the trading and retailing of jewelry, including precious metals, stones, and various types of jewelry, are in focus today after the promoter of the company purchased Rs 4 Crore worth of Equity shares.

Price Action

The shares of Starlineps Enterprises Ltd, with a total market capitalization of Rs 172.75 Crore on Tuesday, reached an Intraday high of Rs 6.75 per share, gaining around 4 percent in today’s trade. As of 11:00 am, the shares were trading at Rs 6.69 per share, which was 2.9 percent higher than the previous closing price of Rs 6.50. The shares of Starlineps Enterprises Ltd have generated an impressive 175 percent in the last five years. 

What Happened 

On March 10, 2025, the Promoter of Starlineps Enterprises Ltd, Mr Varshaben D. Koradiya, bought 64,66,041 at Rs 6.38 per share on BSE, investing around Rs 4.13 Crores in the company. As of December 2024, Mr. Varshaben D. Koradiya holds a 5.71 percent stake in the company, with 1,48,13,151 equity shares. 

Promoters usually increase their stake in a company to demonstrate their confidence in the company’s future growth potential, signifying a strong belief in the business’s long-term prospects.

Also read: Whirlpool India & 4 other stocks trading below their COVID-19 levels; Do you own any?

Financials

The company reported a jump of 235 percent YoY in revenue from operations, from Rs 5.33 Crore in Q3FY24 to Rs 17.87 Crore in Q3FY25. Their Net Profit also increased by 196 percent YoY from Rs 0.46 Crore to Rs 1.36 Crore over the same period. 

Key Ratios 

The company is debt-free, and its P/E ratio is 23.21, which is less than the industry average of 45.91. It has an ROE of 19.65 percent with an ROCE of 27.02 percent. The company has a strong 1-year CAGR for Revenue at 48.8 percent and Net Profits at 192.5 percent. 

About Starlineps Enterprises Ltd

Starlineps Enterprises Ltd is a company primarily involved in the trading and retailing of jewelry, including precious metals, stones, and various types of jewelry like gold, silver, platinum, diamonds, and pearls. The company operates on a wholesale B2B model, focusing on precious stones and jewelry. It uses an asset-light model to enhance competitiveness.

Written By Adhvaitha Nayani

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