6077% return in 1 year: This stock hits upper circuit post Q2 results

Shares of Bharat Global Developers hit a 5 per cent upper circuit on Thursday after the company reported it financial results for the quarter ending September 30 of the FY25. The counter was locked in the upper circuit as soon as the session started. The scrip had closed at Rs 1097.95 in the last trading session.

The 52-week high of the counter is Rs 1,152.80 and the 52-week low of the scrip is Rs 19.59. The company has a market cap of Rs 11,673 crore.

6077 per cent return in 1 year

The counter has given a multibagger return of 6077 per cent return in one year and around 7419 per cent in two years. On a YTD basis, the scrip has gained around 1971 per cent.

Quarterly Results (Q2FY25)

Meanwhile, the company has informed exchanges that Revenue from Operations soared by 300 per cent quarter-on-quarter, rising from Rs 54.05 crore in Q1FY25 to Rs 216.35 crore in Q2FY25. 

The company’s net profit surged by 298 per cent QoQ. It has climbed to Rs 10.10 crore from Rs 2.53 crore.

Earlier, benchmark equity indices bounced back in early trade on Thursday after facing heavy correction in the last two trading days, amid massive buying by domestic institutional investors and a rally in frontline stocks HDFC Bank, Reliance Industries.

The BSE benchmark Sensex climbed 254.5 points to 77,945.45 in early trade. The NSE Nifty went up by 86.25 points to 23,645.30.

The BSE benchmark had tanked 1,805.2 points or 2.27 per cent in the past two days.

From the 30-share Sensex pack, HCL Technologies, HDFC Bank, NTPC, Reliance Industries, Tech Mahindra and Axis Bank were the major gainers.

UltraTech Cement, Power Grid, Mahindra & Mahindra, Hindustan Unilever, Maruti and Larsen & Toubro were among the laggards.