Multibagger Penny Stock Under Rs 50 Surges Over 5 Per Cent As Promoter Bought 2,47,000 Shares via Open Market
The stock gave multibagger returns of 670 per cent in 5 years and a whopping 3,200 per cent since its listing in 2005.
On Wednesday, shares of BCL Industries Ltd gained 5.42 per cent to Rs 39.06 per share from its previous closing of Rs 37.05 per share. The stock’s 52-week high is Rs 74 per cent while its 52-week low is Rs 34.50 per share.
BCL Industries Limited, a Mittal Group agro-processing company established in 1976, operates across multiple sectors, including edible oils, rice, distilleries, and real estate. With a market capitalisation of over Rs 1,000 crore, the company has expanded its ethanol production capacity to 1,100 KLPD through new plants and a subsidiary expansion. BCL Industries Limited and its subsidiary, Svaksha Distillery Limited, have secured an additional order of 23,054 kilolitres (KL) of ethanol from Oil Marketing Companies (OMCs) following their participation in a January 2025 tender. This allocation, utilizing FCI rice as a raw material, is broken down as follows: BCL Industries Limited received 14,302 KL valued at Rs. 83.67 crore with a corresponding FCI rice allocation of 31,750 MT, while Svaksha Distillery Limited received 8,752 KL valued at Rs. 51.20 crore with 19,429 MT of FCI rice. This new order, totalling Rs 134.87 crore, supplements the group's existing order of 182,485 KL received in October 2024, significantly bolstering their ethanol supply commitments.
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According to Quarterly Results, the net sales increased by 18.3 per cent to Rs 762 crore and the net profit decreased by 36.3 per cent to Rs 21 crore in Q3FY25 compared to Q3FY24. In its annual results, the net sales increased by 21 per cent to Rs 2,200.62 crore in FY24 compared to Rs 1,819.92 crore in FY23 while the net profit increased by 49 per cent to Rs 95.92 crore in FY24 compared to Rs 64.36 crore in FY23. Looking at its nine-month results, the net sales increased by 36.4 per cent to Rs 2,166 crore and net profit increased by 4.1 per cent to Rs 75 crore in 9MFY25 compared to 9MFY24.
The President of India’s portfolio took a fresh entry and bought 27,10,000 shares or 0.92 per cent stake in the company. The promoter of the company, Kushal Mittal, bought 2,47,000 shares via open market on March 04, 2025, & March 05, 2025, as per exchange filing. The stock gave multibagger returns of 670 per cent in 5 years and a whopping 3,200 per cent since its listing in 2005.
Disclaimer: The article is for informational purposes only and not investment advice.