Indian Consumer Goods Company Has FAANG-Like Returns

V-Guard’s shares have rallied almost 2,500 percent since 2008, beating all but Netflix

Best known for being one of India’s leading consumer-durable company, V-Guard Industries Ltd. has made billions of rupees selling products like food mixers and water heaters. The company’s newest plan: tap into the nation’s more than billion mobile-phone connections by selling “smart fans” and other Internet of Things products. Since its 2008 listing the company’s shares have rallied almost 2,500 percent in U.S. dollar terms, beating all but Netflix Inc. from the so-called FAANG stocks, a group V-Guard can now consider peers.

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