Vaibhav Global Limited, a global jewelery e-retailer, made its long-term investors millionaires
Multibagger Stocks: Vaibhav Global Ltd, a global jewelery e-retailer company, proved to be a multibagger for its long-term investors and made the long-term investors in the company a millionaire. Vaibhav Global’s share prices have jumped over 10,000% in the last 10 years.
That is, in 10 years, this company made 1 lakh rupees of investors more than 1 crore rupees. The price of one share of the company was only Rs 8.10 on May 22, 2011, which closed at Rs 845 on the NSE today. That is, the company gave 10,460% returns in 10 years. Not only this, the company’s shares have jumped over 300% in the last one year.
On May 22, 2020, the share price of the company was Rs 212 which has now increased to Rs 845. In the last 52 weeks, the company’s shares were at the minimum level of Rs 199.60 on May 21, while they reached their 52-Weeks High i.e. Rs 1050 on May 10 of this year.
Let us tell you that Vaibhav Global Ltd is a multinational electronic retailer, wholesaler and fashion accessories manufacturer with fashion jewelery. It sells its products through its shopping channel and e-commerce website. In the US, the company sells products through its website www.shoplc.com and in the UK through www.tjc.co.uk.
Vaibhav Global’s net profit grew by 41% in Q4 FY21 to Rs 56 crore, compared to only Rs 39.74 crore in the year-ago quarter. While sales from the company for the March quarter grew by 33.7% year-on-year to Rs 665.88 crore.
