D-Street
February 18, 2025 at 11:08 AM
*MNCL Research | Goldiam International – Company Update |*
*CMP- 360; Rating- BUY; Target price- 510*
Goldiam International Limited a 100% exporter of diamond jewelry to the United States of America, is currently *evaluating the feasibility of setting up a manufacturing facility in the USA.*
This strategic initiative is aimed at *enhancing its operational efficiency, optimizing supply chain logistics, and further strengthening its presence in the key US market.* The proposed facility is expected to *provide better service to customers, reduce lead times, and offer a competitive edge in the region.*
The Company is in the *initial stages of assessment, and further details, including location, investment outlay, and timeline, will be shared once finalized and approved by the Board of Directors.*
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While this initiative is still in its early stages, we believe it is a step in the right direction. Given that Goldiam currently exports 100% of its products to the US, establishing a manufacturing facility could serve as a strategic move and also help to mitigate potential US tariffs in the future.
Link- https://bit.ly/Goldiam_USA_ManufacturingFacility
Thank You,
Rahul Dani/Vaidik Bafna,
Monarch Networth Capital Ltd