This Ashish Kacholia, Vijay Kedia-owned stock zooms 115% in 3 months

Ace investors Ashish Kacholia and Vijay Kedia held more than 1 per cent stake in the company as of the December quarter

Shares of Vaibhav Global hit a new high of Rs 4,513 after they rallied 8.5 per cent on the BSE in intra-day trade on Monday in an otherwise weak market. The company is an omni-channel e-retailer of fashion jewellery, accessories, and lifestyle products in developed markets with direct access to around 99 million households (FTE) through its TV home shopping networks – Shop LC in the US and Shop TJC in the UK.

In the past three months, the stock has zoomed 115 per cent after it reported a strong operational performance for the quarter ended December 2020 (Q3FY21).