Ace investors Ramesh Damani and Mukul Agarwal hold this multibagger stock
Goldiam International Ltd has given multibagger returns of 547% in one year and an astounding 1278% returns in five years.
The multibagger stock of 2021 has risen from Rs 151.95 to Rs 977.80 in the last one year, logging around a 547% rise in this period. Likewise in year-to-date time, this multibagger stock has risen from Rs 229.05 levels logging around 330% rise in 2021.
One year ago, an investment of Rs 1 lakh would have fetched an investor Rs 5.47 lakhs approx.
Five years ago, an investment of Rs 1 lakh would be worth Rs 12.78 lakhs approx.
*The above phenomenal returns would have been only possible for investors who would have stayed invested in this multibagger for the said period under consideration.
Goldiam International a public plus private partnership is forging the company ahead on a growth trajectory. The company provides 360-degree services to major retail corporations based in the USA, Europe and other countries. It is located in Mumbai, in India's premier jewellery Manufacturing zone -SEEPZ - specially created by the government of India to encourage Indian industrialists to set up world-class jewellery manufacturing facilities for 100% export. Goldiam is one of the largest exporters of INVISIBLE SET jewellery. Globally. 70% of its annual production is exported to the American market.
The manufacturer and exporter of studded gold and silver jewellery adorn the portfolio of celebrated investors like Ramesh Damani who is known for his acumen for stock picking. Ramesh Damani holds a 1.57% stake in the company for 3,49,000 shares. Interestingly, it is the only listed stock in his current portfolio as per the latest quarter ended in September 2021. Mukul Agarwal has added a 2.82% stake for 6,25,000shares in the company in the latest quarter.
The stock is currently trading at a TTM PE of 49.35 with a Market Cap of Rs 2174.92 crore. It recently touched its 52-week high of Rs 1142.60 on October 28 which is also its all-time high. It has delivered a strong first quarter where the sales grew by 808% and net profit by 3037% on a YoY basis.
Goldiam International is currently trading at Rs 977.80 at 12.04 pm.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins