King of Returns: How Sportking Bagged 1002% Returns In 2 Years

Published by Trinkerr Academy on

If you had invested โ‚น1 lakh in Sportking in September 2020, then you could have had โ‚น10 lakhs today! This multibagger gave its investors 1002% returns in just 2 years. Let’s take a quick peek at the company.

๐Ÿ‘• Stock Name: Sportking India Ltd.

โญ About The Company
Established in 1977, Sportking India is a part of the Sportking Group which has emerged as India’s leading vertically integrated textile conglomerate. It has shown tremendous development in yarns, fabrics, garments and retail businesses.

Sportking today owns seven state-of-the-art manufacturing facilities in India that make yarns and garments which are exported to international markets as well. Besides manufacturing facilities, it also owns over 100 retail garment stores in India.

They export to destinations like:
๐ŸŒ Bangladesh
๐ŸŒ China
๐ŸŒ Hong Kong

Their clients include:
๐Ÿ‘š Zara
๐Ÿ‘š H&M
๐Ÿ‘š Ikea
๐Ÿ‘š Jockey
๐Ÿ‘š Marks & Spencer and more

๐Ÿ”‘ Strategic Division
The strategic business division of the organisation is the yarn division, which manufactures:
๐Ÿงต Poly-Cotton Yarns
๐Ÿงต Cotton Yarns
๐Ÿงต Acrylic Yarns
๐Ÿงต Fancy Yarns
๐Ÿงต Polyester Yarns

They also supply knitted fabric and manufacture garments for men, women, girls and boys that are sold through their retail outlets.

๐ŸŒฑ A Step Towards Sustainability
It has approved the project of a rooftop solar power of 20 MW capacity at its existing factory units for captive consumption.

The promoters have increased their shareholding by 5% between June 2020 to Sept 2021.

Stock Value ๐Ÿ’ฐ
On September 15, 2020, the shares of the company were trading at โ‚น80.05, while they were priced at โ‚น882.65 as of September 14, 2022.


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