Bharat Global Developers share price hits upper circuit for 14th consecutive day

Bharat Global Developers has been a standout performer in the stock market, delivering exceptional returns and catching the attention of investors keen on share market investment. Here’s an in-depth look at its latest developments and what’s driving the meteoric rise.

Bharat Global Developers share price performance

The Bharat Global Developers share price opened at ₹1,334.40 on the BSE on Monday, marking a 5% rise from its previous close of ₹1,270.90. While it briefly dipped to ₹1,334.05, the price quickly rebounded, reaching an intraday high of ₹1,334.40—its upper circuit limit.

The company has been on an upward trajectory since 30th October 2024, with its share price more than doubling from ₹642.20. Year to date, the stock has gained an extraordinary 2,300%, with an astonishing 5,511% rise over the past year, cementing its status as a multibagger stock in the share market investment landscape.

Significant orders bolster Bharat Global Developers’ prospects

On 21st November 2024, Bharat Global Developers announced that its wholly-owned Dubai-based subsidiary had secured prestigious orders worth ₹251 crores (approximately AED 109 million).

The orders include processing and supplying high-value precious stones like diamonds, rubies, emeralds, and sapphires to prominent wholesalers and bespoke designer jewellery boutiques. Additionally, the subsidiary will refine and supply precious metals, including gold and palladium, to global clients.

The execution of these orders is expected to generate profit margins of 10-12%, significantly strengthening the subsidiary’s revenue pipeline and further enhancing investor confidence in share market investment opportunities with Bharat Global Developers.

Bonus shares and stock split to reward investors

In a move to reward its shareholders, Bharat Global Developers announced the issuance of bonus shares on 18th November 2024. The bonus will be issued in an 8:10 ratio, granting eight new equity shares of ₹10 each for every ten existing shares held.

Additionally, the company has recommended subdivision of its equity shares, reducing the face value from ₹10 to ₹1. These steps aim to increase liquidity and make the stock more accessible to retail investors, a key attraction for those considering share market investment.

Multibagger stock delivers extraordinary returns

The Bharat Global Developers share price has consistently defied market trends, offering unparalleled returns to its investors. From its year-to-date gains of 2,300% to a staggering 5,511% return over the past year, the stock has solidified its reputation as a multibagger.

With a steady flow of lucrative orders, robust profit margins, and shareholder-friendly initiatives, Bharat Global Developers continues to dominate the share market investment arena.