Keep a close eye on this multibagger stock which has skyrocketed more than 4 times in just 1 year!
The stock has hit 3 back-to-back upper circuits in the last 3 trading sessions
On Thursday, shares of Brand Concepts Ltd were locked at 5 per cent upper circuit at Rs 281.30. With this, the stock has hit 3 back-to-back upper circuits in the last 3 trading sessions. The scrip witnessed a massive spurt in volume by more than 8.25 times.
The company informed the exchange, through its press release, that they have entered into a long-term contract of licensing with ABG (Authentic Brand Group) to launch travel & fashion accessories in the iconic fashion brand Aeropostale in India.
Brand Concepts has become the official product licensee for travel gear, small leather goods, women's handbags and socks including designing, manufacturing and retailing across all channels in India. Brand Concepts will introduce Aeropostale’s latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
The companies will aim at leveraging Aeropostale’s position as a leading lifestyle brand and established competencies in operating robust omnichannel retail networks and scaling local manufacturing and driving sourcing efficiencies.
Brand Concepts Ltd specializes in the manufacturing of bags, backpacks & fashion accessories for the Indian & International markets. The Company enters into franchise or trademark license agreements with reputed brands. The company works with brands like Tommy Hilfiger, AND, Global Desi and HEAD and also sells its in-house brands Sugarush and The Vertical.
The company has given multibagger returns of more than 419 per cent in just 1 year and more than 136 per cent in the last 6 months. Keep a close eye on this trending multibagger stock.