New Delhi, July 24 -- Sky Gold and Diamonds, a multibagger stock with an extraordinary return of over 2,200 percent in two years, was locked in its 5 percent lower circuit at Rs.308.75 on Wednesday, July 24, despite reporting strong earnings for the June quarter of FY26. The selling pressure came in even as the company delivered significant growth in revenue, profit, and operational efficiency.

For the quarter ended June 2025 (Q1FY26), the company's net profit more than doubled to Rs.43 crore, up from Rs.21 crore in the same quarter last year. Consolidated revenue jumped 56.5 percent year-on-year to Rs.1,131 crore from Rs.723 crore. EBITDA rose 91.6 percent to Rs.71.1 crore, with margins improving to 6.3 percent from 5.1 percent in the p...