BCL Industries Share Price: Ethanol stock zooms 15% day before Budget
BCL Industries’ share price surged 15% on Monday, defying the market trend. Opening at Rs 55, it peaked at Rs 61.75 before settling at Rs 61, up 13.5%. The stock saw high volatility, trading 5% above its 5-day, 20-day, 50-day, and 100-day moving averages but below the 200-day average. Despite a 15% decline over six months, it has rallied 28% in a year and 675% in five years. The company, known for its integrated ethanol plant, also recently split its stock 10:1.
BCL Industries Share Price: BCL Industries shares on Monday zoomed 15 per cent as they defied the weak trend in the domestic equity market. The ethanol maker’s stock open in the green at Rs 55 versus the previous close of Rs 53.75.
A firm buying was seen in the counter post positive start as the counter went on to hit a high of Rs 61.75. Around 2 PM, BCL Industries shares traded with a solid gain of 13.50 per cent at Rs 61 apiece. As many as 1.09 crore shares of the company changed hands around the same time.
BCL Industries shares traded in a wide range of Rs 6.49 during today’s trading session. The stock has been highly volatile today with an intraday volatility of 5 per cent. The scrip is trading higher than 5-day, 20-day, 50-day and 100-day moving averages but lower than 200-day moving averages.
BCL Industries Share Price History
BCL Industries is a constituent of BSE SmallCap index. According to BSE analytics on July 22, its shares have declined 15 per cent in the last 6 months. In one year, it has rallied 28 per cent. In two years, the counter has moved northward by 58 per cent.
BCL Industries shares have made its investors wealthier by a whopping 143 per cent in the last three years and 675 in five years. In 10 years, the counter has skyrocketed 1,470 per cent.
BCL Industries Stock Split
Back in October 2023, BCL Industries had split the face value of equity shares in the ratio of 10:1, meaning each equity share of Rs 10 face value was split into 10 equity share of Re 1 each.
In the fourth quarter of FY2024, BCL Industries’ consolidated revenue from operations stood at Rs 613 crore while the net profit came in at Rs 23.7 crore.
BCL Industries is engaged in the manufacturing of edible oils, distillery and real estate. It is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant.
