Shares of Bigbloc Construction Limited gave multibagger returns of 1597.18% in the last three years. The share price surged from ₹ 7.20 per share to ₹ 120.55 per share during the said period. This means that if an investor would have invested ₹1,00,000 a year ago, the value of their investment would have been ₹ 16,97,180 today.
In the last year, the share price of the company has increased by 485.48% from ₹19.09 apiece. This means that if ₹1,00,000 was invested in the shares of the company a year ago, the value of the investment would have been ₹5,85,480.
Similarly, in the last month, the share price of the company shares has surged 68.37% and 29.90% in the last week.
Bigbloc Construction Limited was incorporated in June 2015 and is engaged in the business of manufacturing building blocks and AAC (Aerated Autoclave Concrete) Bricks. It is committed to producing green building products and solutions.
In February 2022, its board finalised to expand its footprint in the Maharashtra region by installing a new Greenfield Project of AAC Blocks with a capacity of 5,00,000 cubic metres per annum in the Palghar District. This will involve a capital expenditure of ₹75 crores and will be the biggest plant in India.
In the December quarter, the net profit of Bigbloc construction rose 166.67% to ₹4.24 as against ₹1.59 crores during the same quarter last year. Its sales increased by 52.24% to ₹52.75 crores in the quarter ended December 2021 as against ₹34.65 during the same period in the previous year. The company has a market capitalization of ₹823 Crores.
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