8:10 Bonus Share & 10:1 Stock Split: Multibagger Infra Stock Hit Upper Circuit & 52-Week High After Bagging Order Worth Rs 156 Crore From UPL Agro Pvt Ltd
The stock gave multibagger returns of 605in just 3 months, 5,500 per cent in 1 year and a whopping 10,933 per cent in 3 years.
On Tuesday, shares of Bharat Global Developers Ltd (BGDL) hit a 5 per cent upper circuit to Rs 1,544.70 per share from its previous closing of Rs 1,417.15 per share. The stock also made a new 52-week high of Rs 1,544.70 per share while its 52-week low is Rs 28.88 per share. The shares of the company saw a spurt in volume by more than 1.13 times on BSE.
Order Update: Bharat Global Developers Ltd. (BGDL) has secured a substantial order worth Rs 156 crore from UPL Agro Pvt Ltd., a prominent player in the agricultural industry. This significant milestone underscores BGDL's dedication to excellence and its capacity to fulfil large-scale demands while adhering to stringent quality standards. The order involves the supply of 3,00,000 tons of Oil oil-grade groundnuts at Rs 52 per kilogram, to be delivered in phases over six months directly to UPL Agro. To ensure the highest quality, all deliveries will undergo rigorous quality checks as per UPL Agro's stringent specification
Corporate Action: Bharat Global Developers Ltd (BGDL) proposes to issue bonus Shares in an 08:10 ratio to enhance liquidity, affordability, and shareholder participation. The Bonus Issue is subject to shareholder and regulatory approvals. Additionally, BGDL recommends a sub-division of equity shares to a face value of Rs 1 to improve liquidity. Funds raised will be utilized to support ongoing and future projects, especially in AgriTech, Defence and Green Energy. The Board will consider dividend declaration in upcoming quarters, contingent on financial performance and operational needs.
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About the Company
Bharat Global Developers Ltd., incorporated in 1992, is a real estate company focused on developing and constructing residential and commercial properties. The company's diverse range of activities includes land acquisition, property development, construction, and management of various infrastructure projects. Additionally, they are involved in the manufacturing and trading of packaging materials and providing telecommunication services.
According to Quarterly Results, net sales increased by 300 per cent to Rs 216.35 crore and net profit increased by 298 per cent to Rs 10.11 crore in Q2FY25 compared to Q1FY25. The company has a market cap of Rs 15,642 crore and has delivered good profit growth of 220 per cent CAGR over the last 5 years. The company is entirely owned by public shareholders (100 per cent stake). The stock gave multibagger returns of 605in just 3 months, 5,500 per cent in 1 year and a whopping 10,933 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.