7555 Per Cent Returns: Multibagger Stock Defers Split & Bonus After SEBI Interim Order
The Securities and Exchange Board of India (SEBI), through its interim order dated December 23, 2024, has issued directives concerning the company.
Bharat Global Developers Ltd. informed that the Securities and Exchange Board of India (SEBI), through its interim order dated December 23, 2024, has issued directives concerning the company. In response, and following a thorough review with legal and compliance teams, the company has decided to temporarily defer the process of fixing the record date for its proposed bonus issue and stock split corporate actions.
Bharat Global Developers Ltd. mentioned that the company is committed to regulatory compliance, transparency, and corporate governance. Bharat Global Developers Ltd. reiterated its dedication to protecting shareholder interests and maintaining investor trust, reflecting its proactive and responsible approach to regulatory matters.
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.
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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 12,520 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 2,120 on a YTD basis, 2,300 per cent in 1 year and a whopping 7,555 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.