Shares of Bharat Global Developers (BGDL) were locked at the ring cap of 5% on Thursday after the company announced an order from Reliance Industries Ltd (RIL). BGDL shares rose 5% to $The value on BSE is 903.40.
Bharat Global Developers said it has secured orders for infrastructure works worth $Rs 120 crore from Reliance Industries for the design, engineering and construction of a mature high-capacity Fluid Catalytic Cracker (FCC) unit.
The period for executing the order is within 6 months.
“The contract involves the construction of a mature high-capacity fluid catalytic cracker (FCC), an advanced refining unit that maximizes the breakdown of hydrocarbons to produce high-value products such as gasoline and diesel. The FCC project will be carried out at Reliance It plays a key role in the refining business and meets the industry’s growing demand for advanced and efficient processing facilities,” BGDL said in a press release.
BGDL stock price
On November 7, the stock price of Bharat Global Developers rose 5% for the seventh consecutive trading day, with a weekly return of more than 27%. This bullish small-cap stock has soared more than 383% in the past three months and 504% in six months, posting an impressive year-to-date (YTD) return of over 1,556%.
Trading volumes in shares of Bharat Global Developers also rose sharply on Thursday. A total of 51,000 shares of Bharat Global Developers were traded on the BSE and NSE stock exchanges on November 7, compared to the weekly average trading volume of 29,000 shares.
On BSE, BGDL stock hits 52-week high $October 17, 2024, $1,069.60 per person, a new 52-week low $November 9, 2023 at 16:14.
BGDL shares remained locked at the 5% cap as of 1:40 p.m. $The value on BSE is 903.40.
