Shares of Bharat Global Developers extended gains and were locked in a 5 percent upper circuit of Rs 1,544.70 on BSE while the company secured an order worth Rs 156 crore from UPL Agro, a renowned leader in the agricultural sector.
The Rs 156-crore order involves the supply of oil-grade groundnuts, with a total quantity of 3 lakh tons. At a price of Rs 52 per kilogram, the deliveries will be made over the next six months, directly to UPL Agro. All shipments will undergo stringent quality checks to meet UPL Agro's standards.
Today marked the 18th consecutive session that Bharat Global shares were locked in a 5 percent upper circuit. So far in November, the stock has surged by nearly 120 percent.
Follow our live blog for all the market action
In Q2FY25, Bharat Global reported a sharp rise in profit, climbing to Rs 10 crore from Rs 2.5 crore in the previous quarter. Revenue from operations also surged, reaching Rs 216.4 crore, up from Rs 54 crore in the preceding quarter.
The Agricultural Products segment emerged as the top contributor, with revenue increasing to Rs 102.6 crore from Rs 42.4 crore. The textile segment's revenue jumped to Rs 78 crore from Rs 11.7 crore.
Revenue from other segments stood at Rs 27.2 crore for Gold, Rs 8.4 crore for Construction Materials, and Rs 4.3 lakh for Electronics.
Bharat Global, previously known as Kkrrafton Developers, specialises in sourcing, importing, and exporting a diverse range of products across sectors including textiles, agriculture, consumer goods, and more.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.