Multibagger Aluminium Stock Jumps After Bagging Order Worth Rs 121 Crore From Minda Corporation Ltd
The stock has given multibagger returns of 195 per cent from its 52-week low of Rs 216.55 per share.
On Monday, shares of Baheti Recycling Industries Ltd jumped 9.06 per cent to Rs 638 per share from its previous closing of Rs 585 per share. The stock’s 52-week high is Rs 649.90 per share and its 52-week low is Rs 216.55 per share.
Baheti Recycling Industries Limited has secured a substantial order worth approximately Rs 121 crore from Minda Corporation Limited, as outlined in a recently signed Memorandum of Understanding. This agreement entails Baheti Recycling supplying 4,368 Metric Tonnes of Aluminium Alloy Ingots throughout the financial year 2025-26. This significant domestic order underscores Minda Corporation's confidence in Baheti Recycling's product quality and delivery capabilities, marking a positive stride in strengthening their business relationship with prominent Original Equipment Manufacturers (OEMs).
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Established in 1994, Baheti Recycling Industries Ltd (BRIL) is primarily engaged in aluminium recycling, transforming aluminium-based metal scrap into a variety of aluminium alloys, including ingots and de-ox alloys available in forms like cubes, ingots, shots and notch bars, known for their properties such as corrosion resistance and tensile strength. In addition to its manufacturing activities, BRIL also actively trades in various non-ferrous scrap materials like aluminium, brass, copper and zinc, further diversifying its operations within the metal recycling sector. Their product portfolio includes aluminium ingots, Cubes, Shots, Notch Bars and aluminium alloy Ingots, each tailored with specific characteristics like fine finish, dimensional accuracy and resistance to corrosion and high temperatures.
The company has a market cap of Rs 661.51 crore and has delivered good profit growth of 144 per cent CAGR over the last 5 years. The shares of the company have an ROE of 36 per cent and an ROCE of 23 per cent. The stock has given multibagger returns of 195 per cent from its 52-week low of Rs 216.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.