Vaibhav Global Extends Rally To Hit 52-Week High

Vaibhav Global during Tuesday’s trading session extended its Monday’s rally to hit its 52-week high of Rs 512.15 per share on the BSE. The stock witnessed a huge spurt in volume by more than 3.42 times.

The stock breached hit its supper circuit of Rs 512.15 per share on the BSE. The company in its filling on Monday posted its Q4 earnings. The company’s total revenues stood at Rs 376 crore up 8% YoY, gross margin stood at 60% (YoY) and EBITDA stood at Rs 31 crore, up 123% YoY.

Vaibhav Global Limited is an electronic retailer of fashion jewelry and lifestyle accessories. The company owns and operates the Liquidation Channel in the United States, and Jewelry Channel in the United Kingdom. It operates through wholesale business-as a downstream manufacturing facility segment.

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