Stock to watch: Only buyers seen in this multi-bagger today!

The shares of Virat Industries Limited were locked in the upper circuit on Wednesday morning. The scrip got locked in the upper circuit after gaining 4.99 per cent from its last traded price. The shares were locked in at Rs 154.60 on BSE.

The shares of Virat Industries Limited were locked in the upper circuit on Wednesday morning. The scrip got locked in the upper circuit after gaining 4.99 per cent from its last traded price. The shares were locked in at Rs 154.60 on BSE.  

On Tuesday, Virat Industries informed the exchanges that its board of directors is going to hold a meeting on April 28, 2022, in order to discuss the opportunities for marketing & promoting its products in Northern America through strategic collaboration with Indiana Investment Corporation, a North America-based company. The board will also explore other possible opportunities, which benefit the company through this collaboration.   

Founded in 1995, Virat Industries Ltd (VIL) is a public limited company, which manufactures excellent quality socks for export mainly to the European markets. The socks are manufactured on the latest computerised electronic knitting machines by Lonati & Matec (Italy) and KTM (Korea) supported by balancing equipment from Spain as well as other European markets. The company produces approximately 8.7 million pairs of socks per annum.  

Investors should keep a watch on this Multi-bagger. In one year, the shares of Virat Industries Ltd have jumped 344 per cent.  On a YTD basis, the stock is up by 59 per cent thereby, heavily outperforming the markets. Investors should keep Virat Industries on their watchlist.