Triple Bonanza! Board likely to announce 8:10 bonus share; 1:10 stock split & 100 Per Cent Dividend: Multibagger Infra Stock Hit Upper Circuit & 52-Week High
The stock gave multibagger returns of 560 in just 3 months, 6,080 per cent in 1 year and a whopping 11,000 per cent in a decade.
Bharat Global Developers Ltd (BGDL) has scheduled a board meeting on November 18, 2024, to discuss several key proposals. These include a potential bonus share issue of up to 8 shares for every 10 shares held, a stock split of up to 1:10 to enhance affordability and liquidity and a possible interim dividend of up to 100 per cent for the fiscal year 2024-25.
BGDL's recent win of a Rs 120 Crore contract from Reliance Industries Ltd. This prestigious project involves the design, engineering, and construction of a state-of-the-art Full-Fledged High-Capacity Fluidized Catalytic Cracker (FCC) unit. Key engineering highlights include advanced modular construction, high-performance processing capabilities, and robust safety and environmental measures.
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 Rs 11,673 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 560 in just 3 months, 6,080 per cent in 1 year and a whopping 11,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.