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Multibagger Stock: Today in the episode of Multibagger Stocks, we are talking about Kalyan Jewellers. Of the same Kalyan Jewelers whose brand ambassador is Bollywood’s Shahenshah Amitabh Bachchan. There is a craze for buying gold in India. But instead of gold, if you had bought the shares of Kalyan Jewellers, a company that makes and sells gold jewellery, the shares of Kalyan Jewelers would have made you many times more returns than investing in gold.
Kalyan Jewelers IPO to come in 2021
The IPO of Kalyan Jewelers came in the month of March 2021. The company had raised money through IPO at an issue price of Rs 87. On the first day of listing, the stock closed at Rs 75.2, below its IPO price. And from that level the shares of Kalyan Jewelers have jumped 10 times. The company’s shares have made a high of Rs 786.25. On December 4, 2024, the share of Kalyan Jewelers closed at Rs 723.
12 times jump after June 2022
In the month of June 2022, the shares of Kalyan Jewelers had fallen to the level of Rs 55. And if the investor had bought shares of Kalyan Jewelers instead of gold in June 2022, his hard-earned money would have increased by 12 times. In the two and a half years since June 2022, Kalyan Jewelers shares have 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 as of today is only Rs 15.20 lakh.
Kalyan Jewelers made huge profits
It is clear from this that at the time of listing on the stock exchange after four years in March 2021, there will be a big fall in the shares of Kalyan Jewelers in June 2022. There has been a huge increase in the investment of investors who bought shares of Kalyan Jewellers.
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