Multibagger stock: FMCG share BCL Industries hits life-time high. Gives 450% return in five years
BCL Industries shares are one of the multibagger stocks that Indian stock market has produced in recent years. In post-Covid rebound, this FMCG stock has risen from 3.12 apiece levels to near ₹59.40 apiece levels, delivering 1800 per cent return to positional investors in last three and half years. However, it seems that there is still some steam left in this multibagger stock.
BCL Industries share price today opened upside at ₹55.73 apiece levels on NSE and went on to hit intraday high of ₹59.40 per share levels within few minutes of stock market's opening bell today. While climbing to intraday high, the multibagger FMCG stock climbed to a new life-time peak as well. The FMCG stock touched new high despite choppy sentiments on Dalal Street.
Also read: Yes Bank shares hit 10-month high. Experts see potential multibagger in making In last one month, this multibagger stock has risen from around ₹52.13 per share levels to ₹59.40 apiece levels on NSE, logging more than 10 per cent rise in this time. In last six months, this FMCG stock has shot up from near ₹45.90 to ₹59.40 per share levels, logging to the tune of 25 per cent appreciation in this time.
Also read: Tata Technologies IPO: GMP jumps. Date, price, other details In YTD time, BCL Industries shares have surged near 80 per cent. However, in last five years, this multibagger stock has risen to the tume of 450 per cent.
In July to September 2023 quarter, the FMCG company's total income grew over 10 per cent Q-o-Q (quarter-on-quarter) to ₹368.63 crore against total income of ₹334.82 crore in first quarter of the current financial year. Company's revenue from operations grew 10 per cent in this period from ₹333 crore to ₹366.30 crore in this time. However, company's total
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