Goldiam, Pearl Global, GHFL & Pokarna Surge: BSE Smallcap Stars Locked In Upper Circuit Amid Market Rebound

Mumbai: Shares of Goldiam International, Pearl Global Industries, Garware Hi-Tech Films (GHFL), and Pokarna were locked in upper circuits ranging between 10 percent and 20 percent on Friday, riding a sharp rebound in the broader equity market. This comes after a heavy correction, where these counters had plunged up to 55 percent from their 52-week highs.

The BSE Sensex and Small cap index surged nearly 3 percent during intra-day trade as global sentiment improved following the US decision to pause tariffs for most nations—except China, which now faces a 145 percent tariff rate.

Goldiam International Jumps 20 percent

Goldiam International was the top gainer, soaring 20 percent to Rs 327 with strong trading volumes. Around 6.4 million shares, accounting for 6 percent of total equity, changed hands by 11:03 am on the NSE and BSE.

The stock had corrected 52 percent from its 52-week high of Rs 569, hit on January 6, 2025. It last closed at Rs 272.50.

Investor Ramesh Damani reduced his stake in Goldiam to 1.31 percent from 1.58 percent in Q4FY25. The company is a key supplier of mid-to-affordable diamond and bridal jewellery to major American retailers, operating with design teams in both India and the USA.

Pearl Global Hits 10 percent Upper Circuit

Pearl Global Industries rose 10 percent to Rs 1,011.80, recovering from a 46 percent fall from its 52-week peak of Rs 1,718.05, recorded on January 16, 2025.

The apparel exporter caters to clients like GAP, Ralph Lauren, PVH, and Muji, with the US being its largest market. Investor Mukul Mahavir Agrawal held a 2.61 percent stake as of December 2024.

GHFL Recovers From 55 percent Drop

Garware Hi-Tech Films surged 10 percent to Rs 2,654.20, snapping back from a 55 percent correction from its December 2024 high of Rs 5,373.

GHFL operates a vertically integrated chip-to-film facility in Maharashtra, producing high-quality polyester films for automotive, packaging, insulation, and other industries globally.

Pokarna Gains on Granite & Apparel Business

Pokarna shares jumped 10 percent to Rs 828, rebounding from a prolonged downtrend. The company operates in granite quarrying and apparel, with exports spanning the US, UK, Europe, and China. Its clothing brand, ‘Stanza’, caters to premium menswear.