Vijay Kedia's & Ashish Kacholia's portfolio stock: This jewellery company expands its reach with high-definition channels on Vodafone and Tele Columbus AG networks!
The stock is up by 45 per cent in just 3 months and over 50 per cent in 6 months.
Shop LC (Germany), a wholly owned subsidiary of Vaibhav Global Limited, is delighted to announce that its proprietary teleshopping channel – ‘Shop LC’ will now also be airing on Vodafone’s high-definition channels in approx. 13 million households. Earlier Shop LC entered into a similar agreement with Vodafone on March 23 to broadcast over Vodafone’s SD channels across 13 million households.
Further, Shop LC (Germany) has also entered into an agreement with the ‘Tele Columbus AG’ network and will gain access to an additional 2 million households in Germany (high-definition channel). With these arrangements in place, Shop LC (Germany) will be present in approx. 95 per cent of households. The company hope that these HD channels will expand our reach and connect with a larger audience base.
Mr Deepak Mishra, Managing Director of Shop LC GmbH, said, “Having achieved 95 per cent household penetration within 2.5 years of operations is encouraging. We believe that these new broadcasting rights will further strengthen our visibility with market-leading growth”.
Earlier, VGL Group acquired Mindful Souls BV, a US-focused subscription-based e-commerce company for Euro 12 million. The acquisition will strengthen VGL's presence in the fashion jewellery and lifestyle products market.
Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. The company has a market cap of Rs 7,270.71 crore and has been maintaining a healthy dividend payout of 55.2 per cent.
In June 2023, the company’s 1.95 per cent stake is owned by Vijay Kedia and a 1.21 per cent stake is owned by Ashish Kacholia. (Both Vijay Kedia & Ashish Kacholia are renowned investors in the Indian stock market).
On Friday, shares of Vaibhav Global Limited surged 1.31 per cent to Rs 439.60 per share with an intraday high of Rs 452.60 per share and an intraday low of Rs 434 per share.
The stock is up by 45 per cent in just 3 months and over 50 per cent in 6 months. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched mid-cap stocks for smart investing. If this interests you, do download the service details here.