VMultibagger Stock: In the series of Multibagger Stocks, today we are talking about Kalyan Jewellers. The same Kalyan Jewellers whose brand ambassador is Bollywood's Shahenshah Amitabh Bachchan. There is a craze for buying gold in India. But if you had bought shares of Kalyan Jewellers, a company that makes and sells gold jewellery instead of gold, then the shares of Kalyan Jewellers would have given you many times more returns than investing in gold.
Kalyan Jewelers IPO came in 2021
Kalyan Jewelers' IPO came in March 2021. The company raised money through IPO at an issue price of Rs 87. On the first day of listing, the stock closed below its IPO price at Rs 75.2. And from that level, Kalyan Jewelers' stock has jumped 10 times. The company's stock has made a high of Rs 786.25. On December 4, 2024, Kalyan Jewelers' stock closed at Rs 723.
There was a 12-fold jump after June 2022
In the month of June 2022, the share of Kalyan Jewelers had fallen to the level of Rs 55. And if the investor had bought Kalyan Jewelers shares instead of gold in June 2022, his hard-earned money would have increased 12 times. In the two and a half years since June 2022, the share of Kalyan Jewelers has given multibagger returns to its investors.
If you had Multibagger Stock: In the series of Multibagger Stocks, today we are talking about Kalyan Jewellers. The same Kalyan Jewellers whose brand ambassador is Bollywood's Shahenshah Amitabh Bachchan. There is a craze for buying gold in India. But if you had bought shares of Kalyan Jewellers, a company that makes and sells gold jewellery instead of gold, then the shares of Kalyan Jewellers would have given you many times more returns than investing in gold.
Kalyan Jewelers IPO came in 2021
Kalyan Jewelers' IPO came in March 2021. The company raised money through IPO at an issue price of Rs 87. On the first day of listing, the stock closed below its IPO price at Rs 75.2. And from that level, Kalyan Jewelers' stock has jumped 10 times. The company's stock has made a high of Rs 786.25. On December 4, 2024, Kalyan Jewelers' stock closed at Rs 723.
There was a 12-fold jump after June 2022
In the month of June 2022, the share of Kalyan Jewelers had fallen to the level of Rs 55. And if the investor had bought Kalyan Jewelers shares instead of gold in June 2022, his hard-earned money would have increased 12 times. In the two and a half years since June 2022, the share of Kalyan Jewelers has given multibagger returns to its investors.
If you had bought shares of Kalyan Jewelers worth Rs 10 lakh in June 2022, your investment would have increased to Rs 1.30 crore. Whereas in June 2022, if you would have bought gold which was then available at Rs 51000 per 10 grams. If you would have bought 200 grams of gold for Rs 10 lakh, then its value today is only Rs 15.20 lakh.
Kalyan Jewelers made huge profits
It is clear from this that the shares of Kalyan Jewelers have fallen sharply in June 2022, four years after their listing on the stock exchange in March 2021. The investors who bought shares of Kalyan Jewelers have seen a huge increase in their investment. bought shares of Kalyan Jewelers worth Rs 10 lakh in June 2022, your investment would have increased to Rs 1.30 crore. Whereas in June 2022, if you would have bought gold which was then available at Rs 51000 per 10 grams. If you would have bought 200 grams of gold for Rs 10 lakh, then its value today is only Rs 15.20 lakh.
Kalyan Jewelers made huge profits
It is clear from this that the shares of Kalyan Jewelers have fallen sharply in June 2022, four years after their listing on the stock exchange in March 2021. The investors who bought shares of Kalyan Jewelers have seen a huge increase in their investment.
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