Investing in multibagger stocks has consistently turned individuals into millionaires without the need for decades-long commitment. Safari Industries India stands out as one such stock, offering substantial gains within a short timeframe. As of August 23, the stock experienced a 1.21% decline, closing at Rs 3590.35.
Impressive Stock Performance
Safari Industries India shares have shown remarkable performance, surging by 18% in the past month and a staggering 82% in the last 6 months. The company’s stocks have yielded an impressive 111% return this year alone, with investors enjoying a substantial 135% return over the past year. Notably, the stock achieved a remarkable 860% profit surge over the last 3 years.
Transformation from 1 Lakh to 9 Lakh
From its August 2020 price of Rs 372 per share, Safari Industries has soared to Rs 3590.35 today, indicating a 9x growth. An initial investment of Rs 1 lakh made 3 years ago would now be valued at Rs 9 lakh, showcasing an extraordinary 860% return during this period.
The Story of Safari Industries India
Renowned for crafting high-quality luggage bags and accessories, Safari Industries India operates a manufacturing facility near Baroda, Gujarat. The company’s financials reflect its success, with last year’s net profit reaching Rs 26.59 crore and a remarkable 88% growth to Rs 49.94 crore in the current financial quarter. Additionally, the company’s revenue surged by 46% to Rs 426.68 crore in the June quarter, a significant increase from Rs 293.04 crore in the same period last year.
