Rs 249 to Rs 588: Investment of Rs 1 lakh in this stock one year ago would have turned to Rs 2.36 lakh today!

Rs 249 to Rs 588: Investment of Rs 1 lakh in this stock one year ago would have turned to Rs 2.36 lakh today!

by 5paisa Research Team Last Updated: 2022-05-16T15:31:02+05:30

Compared to the returns delivered by the S&P BSE 500, the company has delivered over 18.23 times the index returns in one year.

GHCL has turned into a multibagger stock after delivering exceptional returns to its shareholders in the last one year. This integrated textile manufacturer and exporter has seen its stock price rise by over 136% in the last one year, going from Rs 249.2 on 13 May 2021 to Rs 588.5 on 14 May 2022.

These returns are more than 18 times the returns delivered by the S&P BSE 500 index, of which the company is a part.

GHCL is India’s one of the leading integrated textile manufacturers and exporters and is recognized for its premium product development capabilities. Its total spinning capacity stands at 1.85lk spindles while its processing capacity is 45 MT. It has unique bedding brands focused on sustainability. The company primarily exports home textile products worldwide, to its marquee clients including Kohl’s, Bed, Bath & Beyond etc. GHCL’s home textiles business current processing capacity stands at 45 mn meters of wide width processing, 12 mn meters of weaving capacity and 30 mn meters of cut and sew. It has a spinning facility with a capacity of 27000 tons (1.85 lakh spindles).

The company has reported a total income of Rs 1279.13 crore during the period ended March 31, 2022, as compared to Rs 1006.73 crore during the period ended December 31, 2021, witnessing a growth of 27.06%. The company has posted a net profit of Rs 271.27 crore for the period ended March 31, 2022, as against a net profit of Rs 162.88 crore for the period ended December 31, 2021, showing a growth of a huge 66.55%.

At 3.00 pm, the shares of GHCL were trading at Rs 580.35, with a decrease of 1.6 % from the previous day’s closing price of Rs 589.8 on BSE. The stock has a 52-week high & low of Rs 682.00 and Rs 250.5, respectively on BSE.


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