There are many such shares in the stock market that have made investors millionaires. Now one such stock is in discussion which has made the investing people millionaires.
New Delhi. There are many such shares in the stock market that have made investors millionaires. Now one such stock is in discussion which has made the investing people millionaires. Actually, the global jewelery e-retailer company Vaibhav Global Ltd has given a return of 1 crore rupees to its investors. The company proved to be a multibagger for its long-term investors and has made people investing in the company long-term millionaires. 10,000% jump in share prices
The company’s shares have risen by more than 10,000% in Vaibhav Global’s share prices in the last 10 years. That is, this company made 1 lakh rupees of investors more than 1 crore rupees in 10 years. On 22 May 2011, the price of one share of the company was only Rs 8.10, which closed at Rs 845 on the NSE on Friday. That is, the company gave 10,460% returns in 10 years. Not only this, the shares of the company have jumped over 300% in the last one year.
know what is the business of the company?
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, up from Rs. 39.74 crores in the same quarter last year.