Stock market news: BCL Industries share reaches new high, rises more than 8 percent
In the last two years, the scrip has delivered a multibagger return of 146.14 per cent, compared to a rise of 9.86 per cent in Sensex.
Stock market news: BCL Industries Stock Price: Shares of ethanol maker BCL Industries rose over 8 percent on Friday to hit a new lifetime high of Rs 59.40. The scrip had closed at Rs 54.68 in the last trading session. Last seen, shares of BCL Industries were trading at Rs 58.75 on the National Stock Exchange (NSE). The price of shares of BCL Industries, which is part of the S&P BSE SmallCap index, has risen by about 77.77 percent.
In the last two years, the scrip has delivered a multibagger return of 146.14 per cent, compared to a rise of 9.86 per cent in Sensex.
BCL Industries commands a market capitalization of Rs 1,483.13 crore as of November 17, according to the BSE website.
Meanwhile, BCL Industries returned to black and posted a consolidated net profit of Rs 19.67 crore for the September quarter of 2023-24. The company had clocked a loss of Rs 81 lakh in the year-ago period, the company said in a regulatory filing. Total income rose to Rs 482.72 crore from Rs 455.24 crore in the year-ago quarter. Expenses fell to Rs 452.40 crore from Rs 456.52 crore in the same period last year.
BCL Industries is the only company in India and the South Asian region with a forward and backward integrated ethanol plant.