Multibagger update: This leading consumer durable retail company opened its 100th showroom in Uttar Pradesh!

Shares of the company have gained more than 6 per cent in the today's trade.

Aditya Vision Limited announced that it has crossed the milestone of 100 showrooms and made its entry into Uttar Pradesh by opening its first showroom in Varanasi. The Company preponed the opening of the showroom in Uttar Pradesh due to buoyant market conditions. 

Aditya Vision is a dominant player in Bihar with 86 stores with more than 50 per cent market share. The company remains committed to its strategy of expanding in under-penetrated markets of the Hindi heartland. The company has opened two new showrooms in Bihar, one in Jharkhand along with the first showroom in UP, bringing the total number of store count to 102 and stores in Jharkhand to 15.  

Aditya Vision Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 707.75 on March 28, 2022, to Rs 1572.55 on March 3, 2023, an increase of 110 per cent in one year holding period.  

Today, the stock opened at Rs 1649, with a high and low of Rs 1649 and Rs 1561.10. Currently, the stock is trading at Rs 1572.55, up by 1.63 per cent.

The stock has a 52-week high of Rs 1845.00 and a 52-week low of Rs 660.10. The company has a ROCE of 24.2 per cent and an ROE of 55.1 per cent with a market capitalisation of Rs 1,892 crore.