Multibagger Stock: 350 percent return in 2 years! What stock surprises the market? –

Multibagger Stock: BCL Industries was incorporated in 1976, and is a part of the Mittal Group. The company is involved in edible oil, real estate, plantation and distillery unit businesses in India. The company manufactures vegetable, mustard, sunflower, cotton seed, soybean and rice bran oils, clarified butter, oil cake, stearic acid, acid oil, soap stock and other products.

Shares of BCL Industries rose from Rs 90.6 on 28 January 2021 to Rs 419.95 on 27 January 2023, a gain of over 363% in the last two years of holding period. The stock has given multibagger returns in the previous 2 years, while the S&P BSE small-cap index has returned around 55% in the last two years.

On a consolidated basis, the company’s net revenue rose 2.24% YoY to Rs 452 crore in 2FY23. The bottom line was a loss of Rs -.82 crore due to higher expenses. The stock is currently trading at a TTM PE of 15.47x against an industry PE of 61.8x. The company achieved ROE and ROCE of 26% and 23% in FY22. The company is a component of Group A stocks and manages a market capitalization of Rs 1,013.09 crore

Today, the stock opened at Rs 419.00 with a high and low of Rs 422.40 and Rs 413.00. The stock has a 52-week high and low of Rs 525.00 and Rs 276.15 respectively on BSE.

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