Multibagger stock: This FMCG share hits life-time high - Do you own it?

BCL Industries Share Price: Shares of ethanol maker BCL Industries hit a new life-time high of Rs 59.40 on Friday. The scrip opened in green at Rs 55.73 apiece on the BSE and jumped over 8 per cent during the day. It had closed at Rs 54.68 in the last trading session. 

Last seen, the share held firmly in green and was trading at Rs 58.75 on the National Stock Exchange (NSE). Over 44.5 lakh shares of the company changed hands at the time of writing this report. 

The price of shares of BCL Industries, which is a constituent of the S&P BSE SmallCap index, has surged over 10 per cent in the last one week. So far this year, it has given a positive return of 77.77 per cent.

In the last two years, the scrip has given multibagger return of 146.14 per cent as against a 9.86 per cent jump in Sensex. 

BCL Industries commands a market cap of Rs 1,483.13 crore as of November 17, as per the BSE website. 

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Meanwhile, BCL Industries returned to black, posting a consolidated net profit of Rs 19.67 crore for the September quarter 2023-24.

It had clocked a loss of Rs 81 lakh in the year-ago period, the company said in a regulatory filing.

Total income increased to Rs 482.72 crore from Rs 455.24 crore in the same quarter a year ago.

Expenses fell to Rs 452.40 crore from Rs 456.52 crore in the year-ago period.

BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated ethanol plant.

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