Multibagger Penny Stock Under Rs 50 in Green as Board Is Likely to Announce Dividend Next Week
The stock is up by 22.12 per cent from its 52-week low of Rs 33 per share.
On Friday, shares of BCL Industries Ltd gained 1.44 per cent to Rs 40.30 per share from its previous closing of Rs 39.73 per share. The stock’s 52-week high is Rs 68.83 per cent while its 52-week low is Rs 33 per share. The stock is up by 22.12 per cent from its 52-week low of Rs 33 per share.
BCL Industries Limited, a Mittal Group agro-processing company established in 1976, operates across multiple sectors, including edible oils, rice, distilleries, and real estate. With a market capitalisation of over Rs 1,000 crore, the company has expanded its ethanol production capacity to 1,100 KLPD through new plants and a subsidiary expansion. BCL Industries Limited and its subsidiary, Svaksha Distillery Limited, have secured an additional order of 23,054 kilolitres (KL) of ethanol from Oil Marketing Companies (OMCs) following their participation in a January 2025 tender.
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A Board of Directors meeting is scheduled for Thursday, May 29, 2025, to address key company matters. The agenda includes the appointment of a Chief Executive Officer. Additionally, the Board will consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and year ending March 31, 2025. Finally, they will consider and recommend a dividend, if any, for the financial year 2024-25.
Earlier Results: According to Quarterly Results, the net sales increased by 18.3 per cent to Rs 762 crore and the net profit decreased by 36.3 per cent to Rs 21 crore in Q3FY25 compared to Q3FY24. In its annual results, the net sales increased by 21 per cent to Rs 2,200.62 crore in FY24 compared to Rs 1,819.92 crore in FY23 while the net profit increased by 49 per cent to Rs 95.92 crore in FY24 compared to Rs 64.36 crore in FY23. Looking at its nine-month results, the net sales increased by 36.4 per cent to Rs 2,166 crore and net profit increased by 4.1 per cent to Rs 75 crore in 9MFY25 compared to 9MFY24.
Disclaimer: The article is for informational purposes only and not investment advice.