This Rakesh Jhunjhunwala stock hits upper circuit; shares surged nearly 110% in one year

Shares of Bilcare Ltd hit an upper circuit of Rs 87.90 per share on the Bombay Stock Exchange (BSE) in the intraday trade on Wednesday. The company has presented its September quarter results on November 11, 

The stock witnessed a spurt in the volume by more than 6.68 times on Wednesday on the BSE . The share has clocked a 52-week high of Rs 119.25 on July 23, 2021 and a 52-week low of Rs 38.55 on December 22, 2020.  

Ace investor Rakesh Jhunjhunwala holds 8.48% stake in the company as on September 2021. The big bull of the Indian share market holds share worth Rs 17.2 crore as on September 17, 2021, in the company that manufactures specialty pharmaceutical packaging barrier films.  

See Zee Business Live TV Streaming Below:

The stock has doubled in the last one year and has surged 109.44% as on November 17, showed Stock Edge data, an app to analyse BSE, NSE data. The share yielded over 250% return to investors. As per the data, Bilcare stock clocked 250.92% return in the last two year.  

As per Trendlyne, the Indian billionaire holds 1,997,925 Bilcare shares, aggregating up to 8.5% stake in the company. Jhunjhunwala holds these shares from June quarter and there is no change in his shareholding pattern in the company.  

Earlier on November 11, Bilcare has presented consolidated results for the period ended September 30, 2021. The company has reported a total income of Rs. 205.14 crore in the quarter ended September 30, 2021 against Rs. 181.69 crore in June quarter.

Bilcare Ltd has reported net profit of Rs. 22.40 crore for the period ended September 30, 2021 as against Rs 15.28 crore loss in the previous quarter this year.

Bilcare Ltd is engaged in manufacturing specialty pharmaceutical packaging barrier films. A research-based organization, the company provides pharmaceutical research services clinical services and packaging systems and material.