Multibagger Stock: Shares of BCL Industries are one of the multibagger stocks that the Indian stock market has given post-Covid comeback. This small cap multibagger stock has gained momentum since 31 410 per share level in the last three years, giving almost 1200 per cent return to its shareholders during this time. The small-cap company recently declared its Q3 FY2023 results, wherein its profit after tax (PAT) grew by nearly 250 per cent on a quarter-on-quarter (QoQ) basis.
bcl industries share price history
This multibagger stock turns into a selloff after climbing to a lifetime high on 525 BSE In February 2022. The stock has recently made some upside moves after the start of the new year 2023. In the past one month, the stock has fallen close to 7 per cent, while in the year-to-date (YTD) time, it has risen against the multibagger stock. 324 per share 410 per share level, a gain of close to 25 per cent in this time frame. This small-cap stock has bounced around in the past six months from 365 410 per share level, with close to 12 per cent growth in the horizon at this point of time.
However, in the last one year, the small-cap multibagger stock has given zero returns as the stock remained in the sell zone through 2022. In the last three years, this stock has grown from approx. since 31 410 per share level, registering over 13x growth in 2022 despite heavy selloff.
The small-cap multibagger stock recently declared its Q3FY23 results. Total income of the company in the quarter October to December 2022 450.43 crore, a growth of about 5.30 per cent QoQ over its Q2FY23 total income 427.74 cr. Small-cap company reported PAT in Q3FY23 25.16 crores which stood 5.66 crore in Q2FY23. This means the multibagger small-cap company has reported nearly 350 per cent QoQ growth in PAT during the October to December 2022 quarter. Company’s total comprehensive income is up over 250 percent on a QoQ basis.
Shares of BCL Industries are available for trading on both NSE and BSE. Today after 15 minutes of market opening, the small-cap stock has attracted around 6.5K trade volume as against its average trading volume of around 1.50 Lakh in last 20 days. It hit a 52-week low on the NSE. 278.65 while it is at a 52-week high on the NSE. 530 per share.
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