VAIBHAVGBL LongEntry : 760-790
Target 1 : 960
Target 2 : Upto 1220 ( Trail the SL)
SL : 695 WCB
Strenght:
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Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK.
Risk :
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Exposure to Raw Material Prices
Gemstones along with diamond, gold, rough stones and silver are the key raw materials for the company's gems and jewellery products. The prices of gold and silver have experienced high volatility in the past. Any adverse change in prices of these commodities and in prices of gemstones will have an adverse impact on VGL’s margins. #
Being a 100% Export Oriented Unit, is also highly susceptible to risk associated with fluctuation in foreign exchange rates.
