Double Dhamaka! Record Date Announced For 8:10 Bonus Share & 10:1 Stock Split: Multibagger Stock With 8,350 Per Cent Returns Hit Upper Circuit
The shares of the company saw a spurt in volume by more than 5 times on BSE.
On Friday, shares of Bharat Global Developers Ltd (BGDL) hit a 5 per cent upper circuit to Rs 1,183.50 per share from its previous closing of Rs 1,127.15 per share. The stock’s 52-week high is Rs 1,702.95 per share while its 52-week low is Rs 44.81 per share. The shares of the company saw a spurt in volume by more than 5 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)'s Agro Division has secured a significant annual supply contract worth Rs 650 crore with Tata Agro & Consumer Products. This strategic partnership underscores BGDL's commitment to quality, reliability, and excellence in the agricultural commodities sector. The contract involves the supply of a wide range of premium agricultural products, including tea leaves, coffee beans, organic pulses, and various dry fruits. Additionally, the company secured a substantial order worth Rs 156 crore from UPL Agro Pvt Ltd., a prominent player in the agricultural industry. 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. The company's robust order book, exceeding Rs 1,500 crores, further solidifies its position as a leading player in the industry.
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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 11,000 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 2,030 on a YTD basis, 2,600 per cent in 1 year and a whopping 8,350 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.