The Bharat Global Developers stock reached its upper circuit limit for the 17th consecutive session today, reflecting robust market optimism. The stock opened at ₹1,544.05 on the BSE, marking a 4.9% increase over its previous closing price of ₹1,471.15. Shortly after, it touched an intraday high of ₹1,544.70, representing a 5% gain.
With this move, the stock hit its upper price limit, solidifying its position as a circuit-to-circuit Multibagger. This consistent performance underscores growing investor interest, making it a significant opportunity to invest in stocks with the potential for strong returns.
Order worth ₹156 crore drives positive sentiment
The surge in Bharat Global Developers’ stock price is primarily attributed to the company securing a substantial order worth ₹156 crore. Announced post-market hours on Monday, the order is from UPL Agro Pvt. Ltd. for the supply of 3,00,000 tons of oil-grade groundnuts.
The company has six months to complete this order, which marks a major milestone in its agricultural commodities business. This recent win adds to its reputation as a reliable supplier in the industry and reinforces its appeal for those looking to invest in stocks with growth potential.
Previous orders worth ₹251 crore boost investor confidence
Adding to its momentum, Bharat Global Developers’ wholly owned Dubai subsidiary previously announced orders valued at ₹251 crore. These include processing and supplying high-value gemstones such as diamonds, rubies, emeralds, and sapphires to prominent wholesalers and designer boutiques. Additionally, the subsidiary will refine and supply precious metals like gold and palladium.
The company stated that these orders are expected to generate profit margins of 10–12%, contributing significantly to its revenue pipeline. This diversification into precious stones and metals further enhances its attractiveness to investors seeking to invest in stocks with a diversified portfolio.
Board approves 1:10 stock split
To make its shares more accessible to a wider investor base, Bharat Global Developers’ board has approved a 1:10 stock split. Under this plan, each equity share with a face value of ₹10 will be subdivided into 10 equity shares with a face value of ₹1 each.
Stock splits often attract more retail investors, further boosting liquidity and increasing the stock’s appeal for those considering long-term opportunities to invest in stocks.
Outlook and conclusion
Bharat Global Developers continues to show exceptional performance, with robust order inflows and strategic moves such as the stock split. The consistent upper circuit limits highlight its potential as a Multibagger, making it an attractive option for investors.
For those looking to invest in stocks, the company’s strong fundamentals, diversified revenue streams, and strategic initiatives position it as a compelling choice.
For android only