5795% return in 1 year: This multibagger stock hit upper circuit - Check details

Shares of Bharat Global Developers (BGDL) were locked in a 5 per cent upper circuit today. The counter opened at Rs 1621.90 on the BSE - 5 per cent higher than its previous close of Rs 1544.70. The counter has been in momentum and hitting back-to-back upper circuits for the past several days.  

The counter has gained 127.94 per cent in the last month and has made investors richer by 5,795.67 per cent in one year. It has given a staggering return of 9,789.63 per cent in the past five years.

Meanwhile, the company has been awarded a contract worth Rs 156 crores from the UPL Agro Pvt. The order is for providing 3,00,000 tons of oil-grade groundnut to UPL Agro's facility in Vapi Gujarat over a period of six months.

Earlier, the company informed exchanges that its wholly-owned Dubai subsidiary has secured an order worth Rs 251 crores.

"The total value of these orders is approximately AED 109 million, translating to INR 251 crores," the company said in an exchange filing.

Issue of Bonus Shares 

Earlier, the board of directors of the company approved the issue of bonus shares in the ratio of 8:10. This means that those who possessed shares in the ratio of 10 after the split would be issued 8 more post areas. However, the bonus issue of equity shares is subject to the approval of the shareholders.

Sub-Division of Equity Shares

The Board also approved a 1:10 stock split, wherein each equity share with a face value of Rs 10 will be sub-divided into 10 equity shares with a face value of Re 1 each.

Meanwhile, benchmark BSE Sensex climbed 230 points in a volatile session on Wednesday. The 30-share index rose by 230.02 points or 0.29 per cent to settle at 80,234.08 as 18 of its shares closed in green and 12 in red. During the day, it surged 507.09 points or 0.63 per cent to 80,511.15.

In a see-saw trade, the NSE Nifty rose by 80.40 points or 0.33 per cent to 24,274.90. The index moved between a high of 24,354.55 and a low of 24,145.65.

Utilities, power, services and capital goods shares advanced while realty and healthcare stocks were the laggards.