Vijay Kedia & Ashish Kacholia-backed gems & jewellery stock jumps over 10 per cent with spurt in volume by more than 4.5 times on BSE

The stock is up by 26 per cent from its 52-week low of Rs 263.05 per share and gave multibagger returns of 120 per cent in 10 years.

Indian benchmark indices ended the trading session in green with the BSE Sensex Index up 0.56 per cent at 79,476 and the NSE Nifty-50 Index up by 0.55 per cent at 24,142. Along with the market in green, one multibagger stock from the gems & jewellery sector was trading in the green on the exchange.

Today, the shares of this multibagger company gained 32.95 points or over 10 per cent to an intraday high of Rs 341.65 per share. At the closing bell, shares of the company were trading at Rs 331.60 per share, up 7.42 per cent with a spurt in volume by more than 4.5 times on BSE. The stock’s 52-week high is Rs 543.05 while its 52-week low is Rs 263.05.

The stock name is VAIBHAV GLOBAL LTD.

Vaibhav Global Limited (VGL) is a retailer specializing in fashion jewellery, accessories and lifestyle products with a unique presence in the US and UK markets. They've carved out a space for themselves through a multi-channel approach, including 24-hour live shopping channels (Shop LC in the USA, Shop TJC in the UK, and Shop LC in Germany) alongside its websites and mobile apps.

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In Q4FY24, an ace investor, Vijay Kedia bought an additional 50,000 shares of this multibagger gems & jewellery stock. With this, now he owns a total of 33,25,152 shares or a 2.10 per cent stake in the company as of December 2023. Additionally, another ace investor, Ashish Kacholia owns 17,48,000 shares or 1.09 per cent stake in the company as of March 2024.

The company has a market cap of over Rs 5,500 crore and has been maintaining a healthy dividend payout of 71.1 per cent. Additionally, the company reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). The stock is up by 26 per cent from its 52-week low of Rs 263.05 per share and gave multibagger returns of 120 per cent in 10 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.