Finkhoz Roboadvisory Services
28 Sep • 11:02 AM · SEBI-Registered Analyst
Augmont hits 10% upper circuit as NSE backs EGR push
!AUGMONT Enterprises Limited (AUGMONT) hit the 10% upper circuit at ₹965.65 after being empanelled by the National Stock Exchange of India Limited as a key partner to promote Electronic Gold Receipts (EGRs). The partnership is aimed at simplifying the creation and extinguishment of EGRs and promoting their trading on the exchange. Augmont will provide technical and on-ground support while contributing its experience across gold sourcing, refining and distribution. EGRs are dematerialised securities backed by physical gold stored in SEBI-accredited vaults. The partnership could support wider participation in the formal gold market and strengthen Augmont's role across the gold value chain. The development is relevant because Augmont's two online platforms, Augmont SPOT and Augmont Gold For All, generated combined revenue of ₹84,762.62 crore in FY26, accounting for about 90% of revenue from operations. However, investors should also monitor profitability, as Q1 FY27 PAT declined 15.3% YoY to ₹58 crore despite a 30% rise in revenue. Overall, the NSE empanelment strengthens Augmont's positioning in the EGR ecosystem and could support its digital gold and bullion businesses. The key monitorables remain EGR adoption, transaction volumes and the company's ability to convert its expanding business platform into sustained profit growth. Disclosure: I do not hold any position in Augmont Enterprises Limited. This post is for informational purposes only and is not investment advice
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