Market Crash? Not for This Multibagger Stock Surging Over 2200% in 2024

Bharat Global Developers, a multibagger stock, has been making headlines for its extraordinary performance in 2024. Even amidst a market crash, the stock surged by 2244% this year, proving its resilience and growth potential. Notably, the company's Rs 120 crore order from Reliance Industries has been a significant driver of this rally.

The stock has shown exceptional returns over various timeframes:

• Last Week: Gained 27%
• Last Three Months: Soared by 178%
• Last Six Months: A phenomenal rise of 579%

On Tuesday, shares hit an intraday high of ₹1304.75 on the BSE, locked in a 5% upper circuit, despite bearish market sentiments.

Reliance Industries' Rs 120 Crore Order

Bharat Global Developers' recent success can be attributed to the completion of a Fluidized Catalytic Cracker (FCC) project worth ₹120 crore for Reliance Industries, India’s largest conglomerate. The FCC unit is a critical part of Reliance's refinery operations, designed to meet advanced operational and environmental standards.

Strong Order Book and Future Prospects

The company has assured stakeholders of its robust growth trajectory, boasting an order book exceeding ₹1,500 crore. Major clients include:

• Reliance Industries
• Tata Agro
• McCain India
• International contracts via its Dubai-based subsidiary

This diversified portfolio underscores the company’s long-term growth potential.

Stock Split and Bonus Issue Announcement

In a significant move, Bharat Global Developers announced a stock split and a bonus share issue:

• Stock Split: 1:10 ratio, reducing the face value from ₹10 to ₹1 per share
• Bonus Shares: 8 additional shares for every 10 shares held

The record date for these corporate actions is set for December 26, 2024. Shareholders owning the stock on this date will be eligible for the benefits.

Multibagger Returns: A Winning Streak

Bharat Global Developers has consistently delivered multibagger returns. According to BSE analytics:

• The stock has rallied over 2244% in 2024 alone.

This meteoric rise has cemented its position as one of the most promising growth stocks in the market.