8:10 Bonus Share & 10:1 Stock Split: Multibagger Stock Hit Upper Circuit After successfully completing Rs 120 crore Fluidized Catalytic Cracker project for Reliance Industries Ltd
The stock gave multibagger returns of 2,135 on a YTD basis, 2,600 per cent in 1 year and a whopping 8,776 per cent in 3 years.
On Monday, shares of Bharat Global Developers Ltd (BGDL) hit a 5 per cent upper circuit to Rs 1,242.65 per share from its previous closing of Rs 1,183.50 per share. The stock’s 52-week high is Rs 1,702.95 per share while its 52-week low is Rs 45.70 per share. The company's shares saw a spurt in volume by more than 2.50 times on BSE.
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.
Order Update: Bharat Global Developers Ltd (BGDL) has completed the Rs 120 crore FCC project for Reliance Industries underscoring its commitment to delivering large-scale, high-value infrastructure projects with precision and quality. The FCC unit, a crucial component of Reliance's refinery operations, was designed and constructed to meet the highest standards. This achievement strengthens BGDL's partnership with Reliance and reinforces its reputation as a reliable partner in the industrial and infrastructure sectors. With a robust order book of over 1,500 crores, including significant projects like the Tata Agro annual supply contract, the McCain India AgriTech project, and Dubai subsidiary orders.
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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 over Rs 12,500 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 2,135 on a YTD basis, 2,600 per cent in 1 year and a whopping 8,776 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.