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Multibagger stock that has surged 1100% in 3 years hit 20% upper circuit

09 Jan 2023 Zinkpot 173
Multibagger stock that has surged 1100% in 3 years hit 20% upper circuit

Mint - BCL Industries shares are one of the multibagger stocks that Dalal Street has produced in post-Covid rebound. The small-cap stock has risen from around ₹31 to ₹371 from March 2020 to ₹371 today. However, it seems that some steam is still left in this multibagger stock. BCL Industries share price today locked-in 20 per cent upper circuit and climbed to the tune of ₹371 apiece levels. Read more
 

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  • BCL Industries and Infrastructures Ltd is one of the largest agro-based industries of North India. The company is one of the leading vertically integrated plants in the country. The company is engaged in the business of edible oils, including refined oil in the name of Homecook Vanaspati Do Khajoor and Mustard as Murli.
  • History: It was incorporated on February 3, 1976 as a private limited company with the name Bhatinda Chemicals. On September 3, 1992, the company was converted into public limited company.
  • In November 2009, the company changed their name from Bhatinda Chemicals Ltd to BCL Industries and Infrastructures Ltd.
  • Products:  BCL Industries Limited is an India-based company engaged in the business of providing edible oils, basmati rice, rice bran refined oil, vanaspati ghee and liquor.
  • Share price history:  The small-cap stock with a market cap of ₹896 crore has witnessed a strong upside in post-COVID stock market rebound. However, the stock has remained under base building mode for last one year.
  • In last one month, this small-cap stock has dipped around 4%, whereas in last 6 months this multibagger small cap stock has dipped around 2%. So the stock has remained sideways to negative in last 6 month.
  • In last one year, this BSE, NSE listed stock has surged from ₹344 levels to ₹371 apiece levels, ascending to the tune of 8% in this time. However, the stock has ascended from ₹31 (March 2020) to ₹371 levels today, logging around 1100% appreciation in near 3 years.
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