Share price of a company engaged in manufacturing of dye and dye-intermediates, hit a new 52-week high at Rs. 190.9 on Wednesday, compared to its previous closing price of Rs. 187.90 on BSE, after the company announced the opening of its branch office.
With a market cap of Rs. 803.05 crore, the shares of Bhageria Industries Ltd. opened at Rs. 172.75 on February 21st and the stock is currently trading in the green at Rs. 184.60 on NSE, up by 7.92 percent.
The company has delivered positive returns of over 15.2 percent in the last six months, whereas nearly 40.6 percent in the last one year. So far in 2024, it has given positive returns of more than 11.8 percent.
According to the recent filings on the stock exchanges, Bhageria Industries Limited has opened its branch office in the Kingdom of Bahrain.
In terms of financials, the revenue from operations of the company grew by 9.17 percent from Rs. 102.56 crore in Q2 FY23-24 to Rs. 111.97 crore in Q3 FY23-24, accompanied by an increase in net profit by nearly 194 percent to Rs. 8.32 crore in Q3 FY23-24 from Rs. 2.83 in Q2 FY23-24.
As of December 2023, the Promoters’ holdings remain unchanged at 71.75 percent, as well as the Public holdings at 28.25 percent.
Incorporated in 1989, Bhageria Industries Limited is engaged in the manufacturing of dye and dye-intermediates, as well as pharmaceuticals. In addition, the company is also engaged in the generation of Solar Power and EPC contracts.
Written by Shivani Singh
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