Multibagger Stock: Do you know the Kuber of the stock market? Investors have been given returns up to 450%, see now
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Multibagger stock: In the stock market, share prices keep going up and down. Investors face the biggest problem when their invested shares fall down. However, there are many multibagger stocks in the market which have given handsome returns to the investors. Shares of BCL Industries are one of those multibagger stocks which have given excellent returns in the Indian stock market in recent years. In the post-Covid rebound, this FMCG stock has surged from Rs 3.12 per level to close to ₹59.40 per level, giving positional investors 1800 per cent returns in the last three and a half years. The share price of BCL Industries opened at ₹57.45 per share on NSE today and touched a high of ₹59.40 per share within minutes of the opening bell of the stock market today. While climbing to intraday highs, the multibagger FMCG stock also climbed to a new life-time peak. FMCG stocks hit new highs despite choppy sentiments on Dalal Street.
How was the history of BCL Industries shares?
In the last one month, BCL Industries Multibagger stock has moved from around ₹52.13 per share level to ₹59.40 per share level on NSE. At present an increase of more than 10 percent has been recorded. In the last six months, this FMCG stock has risen from ₹45.90 to ₹59.40 per share, a rise of 25 percent during this period. Shares of BCL Industries have increased by almost 80 percent. However, this multibagger stock has increased by 450 percent in the last five years.
BCL Industries Q2FY24 Results
In the July to September 2023 quarter, the total income of BCL Industries increased by 10 percent (quarterly to quarterly) to ₹368.63 crore as against the total income of ₹334.82 crore in the first quarter of the current financial year. The company’s revenue from operations increased by 10 percent during this period from ₹333 crore to ₹366.30 crore. However, in the same period of the last financial year, the company’s total income was ₹427.74 crore, while its revenue from operations was about ₹425 crore. Therefore, the company’s earnings have grown on a sequential basis while its earnings have fallen on a year-to-year basis. BCL Industries reported a net profit of ₹12.84 crore in the second quarter of FY 2023-24, a growth of 126 per cent year-on-year as compared to a net profit of ₹5.66 crore in the same period last financial year. However, sequentially, the company’s net profit fell to ₹12.84 crore from ₹15.20 crore. BCL Industries had declared its Q2 results 2023 on 10 November 2023.
What is multibagger stock?
Multibagger stock means a stock which has seen a huge increase in its value and has provided huge profits to the investors. It is called multibagger because the person investing in it can often earn profits many times more than the original amount of his investment. For example, if an investor bought the stock of a company for Rs 100 and later its value became Rs 1000, then it would be called a multibagger stock because the investor has made 10 times profit here. Selecting and investing in multibagger stocks can be very risky, because investing in the stock market can change at any time and profits can also turn into losses. In such a situation, before investing in any share, complete information about it should be obtained from the financial advisor.
,Disclaimer: Investing money in stock market or IPO is subject to market risk. We recommend anyone to check with certified experts before investing in shares.)
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