Vaibhav Global Limited (VGL), a prominent omni-channel e-tailer of fashion jewelry, accessories, and lifestyle products, has been honored with the prestigious 'Excellence in Manufacturing Award' by the Indo-American Chamber of Commerce (IACC) at the 21st Indo-American Corporate Excellence Conclave.

Award Recognition

The award, conferred after a rigorous evaluation by a panel of industry veterans, recognizes companies that have set benchmarks in operational excellence, manufacturing efficiency, and responsible production. This accolade reinforces VGL's commitment to expanding operations in the United States and inspiring the creation of long-term value for customers, stakeholders, and communities at large.

Company's Response

Aswini Agarwal, Head of Supply Chain-Asia at VGL Group, expressed the company's gratitude, stating, "We are honored to receive the 'Excellence in Manufacturing Award'. Since our inception, VGL has been a strong proponent of manufacturing, building in-house capabilities that support quality, scale, and sustainable growth."

Agarwal further added, "We sincerely thank IACC for acknowledging VGL Group's efforts in promoting and scaling Indian Jewelry and Lifestyle Products in the US market."

VGL's Market Presence

Vaibhav Global Limited has established a significant presence in developed markets, with direct access to approximately 127 million households through its TV home shopping networks. These include Shop LC in the US and Germany, and Shop TJC & Ideal World in the UK. The company's e-commerce websites complement its TV coverage, diversifying customer engagement across multiple platforms.

Corporate Social Responsibility

VGL demonstrates a strong commitment to corporate social responsibility through its flagship midday meal program, 'Your Purchase Feeds...'. The initiative provides a meal for every piece sold at the retail channels. To date, the program has provided over 103 million meals in the US, UK, Germany, and India, with a current run rate of about 57,000 meals being donated every school day since its inception.

This latest recognition from the IACC not only highlights VGL's manufacturing excellence but also underscores its dedication to sustainable growth and social responsibility in its global operations.

Vaibhav Global shares experienced a significant uptick on Tuesday, September 16, as the stock rallied 9% in a single trading session. This surge is part of a broader upward trend for the company, with the stock gaining ground in five out of the last seven trading days.

Recent Performance

The jewelry retailer's stock has demonstrated impressive momentum, climbing 18.00% over the past seven trading sessions. September has been particularly strong for Vaibhav Global, with the stock price soaring 25.00% since the beginning of the month.

Trading Activity

Tuesday's rally was accompanied by a substantial increase in trading volumes. Approximately 12 lakh shares changed hands during the session, significantly higher than the 20-day average of 1 lakh shares. This surge in trading activity suggests heightened investor interest in the stock.

Technical Breakout

The recent price action has propelled Vaibhav Global's stock above key technical resistance levels. The shares have now surpassed both the 100-day moving average at ₹234.00 and the 200-day moving average at ₹247.00, potentially signaling a bullish trend in the near term.

Year-to-Date Performance

Despite the recent rally, Vaibhav Global's stock is still down 12.00% year-to-date. However, the strong performance in September has considerably reduced these losses.

Investors and market analysts will be closely watching Vaibhav Global's performance in the coming days to see if this rally can be sustained.