980 per cent returns in this multibagger stock: This micro-cap textile company expands its retail presence in the Southern Indian market!
The stock is up by 60 per cent in 1 year and gave multibagger returns of over 980 per cent returns in 3 years.
Nandani Creation Ltd (NCL), a leading brand in the women's Indian wear category has announced an expansion of its retail presence to the Southern Indian market with its first exclusive brand outlet (EBO) in Bengaluru, Karnataka. It is spread over a 950 sq. ft. area and offers the latest collection of Indian women's wear brands “Jaipur Kurti” and “Amaiva- By Jaipur Kurti”.
Jaipur Kurti is a brand that creates traditional Indian wear that is both elegant and affordable. Their products are intricately designed and carefully curated to reflect the rich heritage of Jaipur. The brand has earned widespread recognition for its commitment to quality and affordability.
Sharing his opinion on the store launch, Mr Anuj Mundhra, Chairman & Managing Director, said, “Jaipur Kurti is not just a brand; it's a journey that began in the heart of the pink city. We are thrilled to announce the grand opening of our first-ever ethnic wear store in Bengaluru! We believe launching the new store will mark an important milestone in our journey and will help boost our efforts towards enhancing our retail footprint, expanding the reach of our brands, and making relentless progress on our own proprietary platform’s D2C journey. Jaipur Kurti has always been about celebrating timeless beauty and ethnicity. This new store will allow us to bring that essence even closer to the modern women of Bengaluru indulging in the brand’s offerings.”
He added further, “Jaipur Kurti has garnered a legion of loyal customers through its online presence, it has secured its place as one of the top brands in the online marketplace. The launch of this store in Bengaluru will bridge the gap between the virtual and physical worlds, allowing customers to interact first-hand with the products. This strategic move aims to enhance brand engagement and create an immersive shopping experience.”
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Nandani Creation Ltd. specializes in traditional designs and Indian ethnic wear for women. It is engaged in manufacturing and online trading of women's apparel like kurtis, ethnic tops, palazzos, etc. The company has a market cap of Rs 106 crore and reported positive numbers in its Quarterly Results & annual results.
On Monday, shares of Nandani Creation Limited plunged by 2.11 per cent to Rs 92.60 per share with an intraday high of Rs 94.95 and an intraday low of Rs 92.
The stock is up by 60 per cent in 1 year and gave multibagger returns of over 980 per cent returns in 3 years. Investors should keep an eye on this micro-cap stock.