BCL Industries Share Price Soars by 6.37% to Rs. 58.5 in Thursday’s Trading Session
๐๐๐ In the trading session on Thursday, BCL Industries’ stock price surged by 6.37% to Rs. 58.5. However, Friday witnessed a significant uptrend in the company’s shares. BCL Industries has delivered multi-bagger returns to its investors with a total market capitalization of Rs. 1,660 crore. On Friday, June 14, 2024, BCL Industries’ stock closed 1.87% lower at Rs. 57.30.
๐๐๐ The company’s shares were trading at a 52-week high of Rs. 86.30 and a low of Rs. 43.20. BCL Industries has doubled the investments of its investors in the past year. On March 5, 2021, BCL Industries’ share was trading at Rs. 12, witnessing a 355% increase from this low level.
๐๐๐ BCL Industries informed SEBI that it has decided to convert its warrants into equity shares. The company has converted 1.10 crore warrants into equity shares, resulting in a surge in the company’s stock prices. According to brokerage firms, BCL Industries’ share could reach up to Rs. 95 in the upcoming days. Once the stock crosses the Rs. 95 mark, the next target price will be Rs. 142.
๐๐๐ Over the past five years, BCL Industries’ shares have provided a return of 370% to its investors. In the last year alone, the company’s shares have witnessed a growth of 15.55%. Based on year-to-date performance, the company has delivered a negative return of 13% to its investors.
๐๐๐ The company’s share price has declined by 17.26% in the last six months. However, in the last month, BCL Industries’ shares have seen a 5% increase in their investors’ funds. In the last five trading sessions, the stock has witnessed a growth of more than 8%.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
