Bharat Global Developers, a rising star in the realty sector, has made waves with its 5,800% stock price rally over the past year. Following a strong performance in its Q2 results for FY 2024-25, the company’s share price hit the 5% upper circuit on Thursday, climbing to ₹1,152.80 on the BSE.
This marks a significant milestone, as the stock has now reached its all-time high. If you’re looking to invest in stocks with impressive growth potential, Bharat Global Developers could be one worth watching.
Strong quarterly performance drives stock surge
For the July-September 2024 period, Bharat Global Developers reported remarkable financial results. Its net profit skyrocketed to ₹10.11 crore, up from just ₹0.33 lakh in the same period last year. Sequentially, the company’s profit also more than quadrupled, from ₹2.54 crore in Q1 of FY 2024-25.
The company also saw a major increase in revenue from operations. It surged four-fold to ₹216.5 crore in Q2, compared to ₹54 crore in the June quarter. This sharp rise in both profit and revenue reflects the company’s strong performance and growth prospects, driving the surge in its stock price.
Bonus share issue and stock split on the horizon
The excitement around Bharat Global Developers’ stock is also fuelled by news of upcoming decisions from the company’s board of directors. On November 18, 2024, the board will meet to discuss a potential bonus share issue. If approved, shareholders could receive up to eight additional shares for every 10 shares held.
In addition, the board is considering a stock split of up to 1:10. This would make the stock more affordable and accessible to a larger group of investors, potentially increasing demand for the shares. The company may also declare a dividend of up to 100%, subject to necessary approvals.
Why invest in stocks like Bharat Global Developers?
Bharat Global Developers' impressive rise underscores the power of investing in stocks with strong growth potential. With a solid financial performance, exciting plans like bonus shares and stock splits, and a track record of substantial returns, this stock offers a compelling case for long-term investment.
Key takeaways
If you’re thinking about how to invest in stocks with impressive growth, Bharat Global Developers is one to keep an eye on.
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