Vaibhav Global soars on aiming to achieve 35% growth in top-line in FY14

28 Jan 2014 Evaluate

Vaibhav Global is currently trading at Rs. 715.15, up by 18.70 points or 2.69% from its previous closing of Rs. 696.45 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 735.00 and Rs. 700.00 respectively. So far 4189 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 782.95 on 23-Jan-2014 and a 52 week low of Rs. 84.95 on 07-Mar-2013.

Last one week high and low of the scrip stood at Rs. 782.95 and Rs. 671.00 respectively. The current market cap of the company is Rs. 2269.99 crore.

The promoters holding in the company stood at 40.64% while Institutions and Non-Institutions held 13.60% and 18.53% respectively.

Global jewellery e-retailer Vaibhav Global is targeting to achieve a 35% growth in its total sales during the current fiscal year. In the first half of the current fiscal, the company’s consolidated sales rose by 36% to Rs 568.17 crore from Rs 417.59 crore in the same period year-ago.

The expected sales growth is likely to come for two reasons - rupee devaluation and expanding reach of jewellery products in US and UK markets.

Vaibhav Global is engaged in selling of fashion jewellery and lifestyle products in the US, the UK and Canada via its own TV shopping and e-commerce platforms. It currently has access to 96 million households in US and the UK.

Vaibhav Global Share Price

274.55 5.10 (1.89%)
22-Nov-2024 16:59 View Price Chart
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