This retailer company of Bihar has made its investors rich in the last one year. In the last one year, the shares of this company made 1 lakh of investors 37 lakh rupees.
Aditya Vision, a retailer of electronic products in Bihar, plans to expand its business to neighboring markets of Jharkhand, West Bengal, eastern Uttar Pradesh and Assam over the next two years. The company’s business is focused on Tier 2 and Tier 3 (small-medium) cities as a business strategy. Investors are closely watching the company after its shares increased manifold in the BSE in 2020-21 amid the COVID-19 pandemic and the second wave of the pandemic.
Yashvardhan Sinha, Managing Director, Aditya Vision said, “We are planning to open 12 to 15 stores in Jharkhand in the current financial year. A year later, we plan to open stores in Eastern Uttar Pradesh, West Bengal and Assam as well. Aditya Vision’s operating income declined 5.9 per cent to Rs 906.88 crore in the financial year 2020-21 ended March. Whereas in the previous financial year, the company’s income was 963.71 crores.
1 lakh became 37 lakh in 1 year
This retailer company of Bihar has made its investors rich in the last one year. In the last one year, the shares of this company made the investors’ 1 lakh to 37 lakh rupees. The shares of Aditya Vision have registered a rise of 3736 percent. The price of one share of Aditya Vision was Rs 20.86 on BSE on 8 July 2020 and rose to Rs 790.25 on 9 July 2021.
Profit up 943 per cent in March quarter
The company’s profit in the March quarter increased by 943.03 percent to Rs 17.21 crore. The profit in the same quarter last year was Rs 1.65 crore. Sales during this period grew by 45.77 per cent to Rs 212.76 crore.
strategy changed due to covid
Keeping in mind the situation like lockdown due to COVID, the company will now also focus on online sale of its products and will also give an option to replace the products with nearby stores with quick delivery.
Business started in 1999
Aditya Vision, present in almost every district of Bihar, sells more than ten thousand types of products. In which products used at home include LED TVs, mobile phones, laptops, etc.
The company started business in 1999 and was listed on the stock exchange in the year 2016. Sinha said that the company runs attractive schemes like lucky draw for its customers. Last year, lucky draws were also conducted in the pandemic.
read this also- Post Office Franchise: You can do post office business with only Rs 5000, this is how big money will be earned
(with language input)