Are you looking for an investment opportunity that promises remarkable returns? Sky Gold Limited may be just what you’ve been searching for. In a recent surge, Sky Gold’s shares reached an impressive level of 647.75 Indian Rupees, offering investors a 10% return in a single day. This incredible performance was observed on a Tuesday, during a period of rapid growth in the stock market.
What’s even more fascinating is that Sky Gold Limited’s shares had already reached their highest point in 52 weeks, standing at 696 crore Rupees in market capitalization. Contrast this with the shares’ lowest point in the past year, which was 206 Rupees. This means that Sky Gold’s shares have delivered over a 200% return to investors over the course of one year, truly making them a multi-bagger investment.
Investors have taken notice of Sky Gold Limited’s shares over the last few days, resulting in a significant surge in purchases. Over the last six months, the shares have demonstrated an impressive 80% increase in value. Sky Gold Limited is a company specializing in the design, manufacturing, and marketing of gold jewelry. Their business model operates primarily on a B2B basis, where they sell their products to mid-range jewelers and boutique stores.
To expand their reach, Sky Gold Limited also sells their products online and through retail stores after supplying mid-range jewelers and boutique stores. A significant portion of the company’s revenue, approximately 70%, is derived from its top 10 customers. This year, the company is anticipating a 30% growth in its operations.
Furthermore, Sky Gold Limited is contemplating ways to further enhance its business, with plans to offer online jewelry purchasing services to customers in the United States and Australia. The company has recently released impressive quarterly results.
In the first quarter of the current financial year, Sky Gold Limited’s revenue exceeded 375 crore Rupees. It’s worth noting that this figure has been consistently growing at a rate of over 20% annually.
The company’s operational profit has also surpassed 19 crore Rupees, with an after-tax profit of 11 crore Rupees, representing a remarkable year-over-year growth of 102%.
In the past year, Sky Gold Limited’s shares have proven to be a goldmine for its investors, appreciating from a low of 154 Rupees to an impressive level of 650 Rupees. This means that investors who took a chance on Sky Gold Limited’s shares over the course of a year have been rewarded with an incredible multi-bagger return of 280%.