Multibagger Update: Virat Industries surges 4.99 per cent when market tanks!

In one year, the shares of Virat Industries Limited have jumped by 344 per cent.  On a YTD basis, the stock is up by 59 per cent, thus heavily outperforming the markets. Investors should keep Virat Industries in their watchlist.

Virat Industries Limited has informed SEBI that its board of directors is going to hold a meeting on April 28, 2022, in order to discuss the opportunities for marketing & promoting its products in Northern America through strategic collaboration with Indiana Investment Corporation, a North America-based company. The board will also explore other possible opportunities, which benefit the company through this collaboration.  

Founded in 1995, Virat Industries Ltd (VIL) is a public limited company, which manufactures excellent quality socks for export mainly to the European markets. The socks are manufactured on the latest computerised electronic knitting machines by Lonati & Matec (Italy) and KTM (Korea) supported by balancing equipment from Spain as well as other European markets. The company produces approximately 8.7 million pairs of socks per annum. 

The stock of the company surged to 4.99 per cent and is trading at Rs 147.25, on the BSE, even after the markets fell by 1.25 per cent at the day end on Tuesday.

Investors should keep a watch on this Multi-bagger. In one year, the shares of Virat Industries Limited have jumped by 344 per cent.  On a YTD basis, the stock is up by 59 per cent, thus heavily outperforming the markets. Investors should keep Virat Industries in their watchlist.