700 per cent returns: Board announced stock split of equity shares; Know the record date!

Shares of this company have gained more than 25 per cent in the last six months.

BCL Industries Limited informed in the exchange filing that the company’s board has approved a Split or Sub-Division of one (1) equity share of the face value of Rs 10 each fully paid up into 10 (ten) equity shares of the face value of Rs 1.00/- each fully paid-up. The record date for the sub-division of the equity shares is fixed on, October 27, 2023.

BCL Industries Limited has delivered multibagger returns to its shareholders in the last three years. During this period, shares of BCL Industries Limited surged from Rs 66.75 on October 09, 2020, to Rs 536.00 on October 06, 2023, an increase of about 700 per cent in a three-year holding period.

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Furthermore, in Q1FY24, the company posted robust Quarterly Results. The revenue of the company stood at Rs 428.67 crore which increased by 13.86 per cent YoY. The operating profit of the company stood at Rs 41.30 crore, which increased by 30.71 per cent YoY, while the PAT of the company increased by 11.3 per cent YoY, staying at Rs 19.75 crore.

BCL Industries Limited is engaged in the business of extracting, manufacturing and marketing clarified butter and oil. The company manufactures vegetable, mustard, sunflower, cottonseed, soybean and rice bran oils, clarified butter, oil cakes, stearic acid, acid oil, soap stock, and other products. The factory at Bhatinda in Punjab has a solvent extraction capacity of 300 TPD and an oil refining capacity of 100 TPD.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.