MULTIBAGGER PENNY STOCK FROM JEWELLERY SECTOR TO KEEP ON YOUR WATCHLIST IN WHICH SBI & LIC ALSO HAVE STAKE

is an Indian company that designs, manufactures, sells and trades gold, platinum, diamond and silver jewellery. The company operate across India with multiple brands like Azva, Swarn Dharohar and LoveGold. In FY25, the company has reduced it's debt by 52% to Rs 2,151 crore compared to Rs 4,150 crore in previous year. The net sales increased from Rs 604 crore in FY24 to Rs 2,245 crore in FY25, an increase of 272% YoY. Further, the net profit of the company also increased from loss of Rs 629 crore in FY24 to a net profit of Rs 578 crore in FY25; increasing 192% YoY. The company has a market cap of over Rs 11,000 crore. As of March 2025, State Bank of India (SBI) holds 2.70% stake and Life Insurance Corporation of India (LIC) owns 1.03% stake in the company. The stock has given multibagger returns of over 250% from its 52-week low of Rs 5.34 per share, a whopping 1,000% in 5 years. The company is now planning to raise funds through the issuance of securities by way of preferential allotment. Additionally, the company has reported a highly successful quarter ending 30 June 2025, demonstrating robust performance driven by strong customer trust and demand.