[Dilip Davda] DLVL which was in natural diamond manufacturing and marketing has recently diversified in lab-grown diamonds with MPCVD technology. It has marked growth in its PAT margins post-diversification and the management is confident of maintaining the trends in coming years with the addition of more MPCVD machines. Based on FY23 earnings, the issue appears aggressively priced. Well-informed/cash-surplus/risk seekers may consider parking funds, while others can ignore. Read detail review...

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