Back-to-back upper circuits in this smallcap stock following bulk deals from ace investors!
In just one month, shares experienced a strong rally and soared more than 65 per cent!
The Indian benchmark indices opened flat but quickly climbed, driven by gains across multiple sectors. With gains of more than 1 per cent, BSE Utilities and BSE Power were the best performing sectors. Adani Green Energy led the gains on both the sectoral indices.
Investors were astounded by the back-to-back upper circuits in recent sessions of the Small-Cap healthcare stock Bilcare Ltd. In just one month, shares experienced a strong rally and soared more than 65 per cent!
After many sessions, shares of Bilcare Ltd touched the lower circuit on Tuesday at Rs 55.60 per share on BSE but they were able to recover and were trading flat at Rs 58.45 per share at 10 am. Considering the stock's 52-week high of Rs 114.35, there is still opportunity for further growth.
The company's stock was sold in bulk deals by Rekha Jhunjhunwala, the late ace investor Rakesh Jhunjhunwala's wife, while Guttikonda Vara Lakshmi, another renowned investor, purchased a sizable stake. Currently, the company has a modest market capitalisation of Rs 135 crore.
In addition to providing global clinical services and research services, the company also deals in pharmaceutical packaging. Keep a close eye on this scrip for the upcoming sessions!