Heavy Volume Stock Under Rs 50: This Bajaj Group Stock Rallies Over 5 per cent Today and Hits 52-Week High; Keep This Stock on Your Radar for Tomorrow

The shares of the company have delivered a return of over 165 per cent to its shareholders in just 1 year only.

Bajaj Hindusthan Sugar Limited (BHSL), originally incorporated in 1931 as ''The Hindustan Sugar Mills Limited'', is actively involved in the production of sugar, alcohol, ethanol, and power generation. The company operates 14 sugar factories with a combined crushing capacity of 136,000 tonnes per day (TCD). In addition to sugar, BHSL is a prominent ethanol manufacturer with six distilleries capable of producing 800 kilolitres per day (KLPD) of industrial alcohol. Furthermore, BHSL owns 14 co-generation plants with a total power generation capacity of 449 MW. Today the company experienced a significant surge in its share price.

At the start of the day's trading session, the share of Bajaj Hindusthan Sugar Limited opened at Rs 40.50 per share, compared to the previous day's closing figure of Rs 40.36 per share on the BSE. Currently, the shares are available at Rs 42.55 per share on the BSE. Today it gave an impressive rally of around 9 per cent and hit a 52-week high with s spurt in volumes by over 2 times on the BSE. The current market capitalization of Bajaj Hindusthan Sugar Limited stands at Rs 5435.17 crore, and the stock has generated an impressive multibagger return of around 166 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Bajaj Hindusthan Sugar Limited recorded a revenue of Rs 1870 crore. The operating profit for Q4 FY24 stood at Rs 170 crore. The net profit for Q4 FY24 was Rs 91 crore. Looking at the annual performance, the company generated a revenue of Rs 6104 crore in FY24, compared to Rs 6338 crore in FY23. The operating loss for FY24 was Rs 87 crore, with a net loss of Rs 135 crore.

Investors must keep this Small-Cap stock on their radar.

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