Multibagger Stock: There are many such stocks in the stock market which have made their investors millionaires in a short time. Such shares are called multibagger stocks. Today we are giving you information about the stock of fashion brands, investing in which you can get strong returns. This fashion brand is Filatex Fashions Share. It is a stocking company that has given strong returns of up to 3.5 times to its investors. This stock has reached its highest level due to tremendous buying by investors. The stock has reached the level of Rs 18.45 on the last trading day. It is worth noting that last year on November 2022, the price of this stock was only Rs 3.86 in BSE, which was Rs 6.90 till September 2022 and Rs 18.45 on the last trading day.
Got a return of more than 370 percent in one year
If we talk about this stock from last year till this year, then it has made its investors rich. If a person has invested Rs 1 lakh in this stock in November last year, then it has given a return of more than 4.50 lakh till this year. On the last trading day, this green mark has closed yesterday at Rs 18.45. In such a situation, it has been able to give returns of more than 3.5 times to its investors.
Reasons for the rise in the shares of the company-
The biggest reason for the rise in the shares of Filatex Fashions Share Price is that this company has offered to buy 51 percent stake in Sri Lankan company Isabella Private Limited. Let us tell you that Isabella Private Limited is also a company working in the fashion industry. The company made this announcement on 12 September. Since then, the company’s shares are growing at rocket speed and giving strong returns to its investors.
Know about the company-
Let us tell you that Philatex Fashions is a socks manufacturing company. The company sells its products in the market under the brand name Smart Man, Bella, Tuscany, Smart Man. The factory of this company is in Telangana. The company also sells its products to international brands like Adidas, Park Avenue, Maxwell and Fila India.
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Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)