Bharat World Builders (BGDL) share worth was locked in at 5% higher circuit restrict on Thursday after the corporate introduced the receipt of an order from Reliance Industries Ltd (RIL). BGDL inventory worth jumped 5% to ₹903.40 apiece on the BSE.
Bharat World Builders mentioned it has been awarded an Infrastructure Engineering Order valued at ₹120 crore from Reliance Industries, which includes the design, engineering, and building of a Full-Fledged Excessive Capability Fluidised Catalytic Cracker (FCC) unit.
The time interval by which the order is to be executed is inside 6 months.
“The contract includes the development of a Full-Fledged Excessive-Capability Fluidised Catalytic Cracker (FCC), a classy refinery unit that maximizes the breakdown of hydrocarbons to create high-value merchandise like gasoline and diesel. The FCC undertaking will play a pivotal position in Reliance’s refining operations, aligning with the trade’s rising demand for superior, environment friendly processing amenities,” BGDL mentioned in a launch.
BGDL Inventory Value
Bharat World Builders share worth has hit a 5% higher circuit for the seventh consecutive session on November 7, delivering a weekly return of over 27%. This multibagger smallcap inventory has surged greater than 383% prior to now three months and 504% over six months, delivering a exceptional year-to-date (YTD) return of over 1,556%.
Volumes traded of Bharat World Builders shares additionally spiked on Thursday. A complete of 51,000 fairness shares of Bharat World Builders had been traded on each the inventory exchanges, BSE and NSE mixed, on November 7, as in contrast with its one week common volumes of 29,000 shares.
On BSE, BGDL inventory hit a 52-week excessive of ₹1,069.60 apiece on October 17, 2024, and a 52-week low of ₹16.14 apiece on November 9, 2023.
At 1:40 pm, BGDL shares had been nonetheless locked at 5% higher circuit at ₹903.40 apiece on the BSE.
