Editor’s Note
This article highlights the extraordinary performance of Bharat Global Developers, whose stock has surged for 14 consecutive days. The significant new order for its Dubai subsidiary is a key development likely fueling investor optimism. Readers should note that such parabolic price movements carry inherent risks.
Bharat Global Developers touched its upper circuit for the 14th consecutive day on Thursday, making it a multibagger stock delivering a year-on-year return of 2300%. The company announced that its Dubai-based subsidiary has received orders worth AED 109 million (₹251 crore).
On the BSE, Bharat Global Developers’ share opened at ₹1,334.40 on Thursday, 5% higher than the previous closing price of ₹1,270.90. However, it retreated to an intraday high of ₹1,279.05, which is also its upper circuit. From its low of ₹642.20 on October 30, 2024, the stock has more than doubled.
Over the past year, this stock has delivered a staggering return of 5511%, proving to be a multibagger for investors.
In a statement on November 21, 2024, Bharat Global Developers stated that its Dubai-based subsidiary has received several large orders for the manufacturing and supply of precious stones such as diamonds, rubies, emeralds, and sapphires. This also includes orders for the refining and supply of precious metals like gold and palladium.
On November 18, Bharat Global Developers announced the issuance of bonus shares in a 8:10 ratio. Additionally, the company has proposed splitting its existing equity shares with a face value of ₹10 into shares with a face value of ₹1.
The performance and recent announcements by Bharat Global Developers make it an attractive option for investors. Decisions like the Dubai order and bonus shares are steps towards strengthening the company’s future.