Buy BCL Industries; target of Rs 960: Equity99

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Equity99's research report on BCL Industries

BCL Industries Ltd Limited is a part of the Mittal group. The company is in the edible oil and grain-based distillery business in India. BCL has the expertise in producing ENA/ Ethanol from multiple crops. This allows to reduce dependency on a single crop & avoid the vagaries of raw material’s price ¬uctuation. BCL is the only company in India and the South Asian region that has a forward & backward integrated Distillery-Ethanol plant. We are bullish on this counter due to following reasons.

Outlook

Promoters are majority stakeholders in company holding 61.36% stake. Considering the above points and the Ethanol story, we initiate BUY call on BCL INDUS-TRIES LIMITED with target price of Rs. 960.

More Info

At 17:30 BCL Industries was quoting at Rs 465.10, down Rs 13.40, or 2.80 percent.

It has touched an intraday high of Rs 490.00 and an intraday low of Rs 456.05.

It was trading with volumes of 10,298 shares, compared to its thirty day average of 27,434 shares, a decrease of -62.46 percent.

In the previous trading session, the share closed down 0.72 percent or Rs 3.45 at Rs 478.50.

The share touched its 52-week high Rs 514.00 and 52-week low Rs 81.65 on 01 February, 2022 and 22 February, 2021, respectively.

Currently, it is trading 9.05 percent below its 52-week high and 472.57 percent above its 52-week low.

Market capitalisation stands at Rs 1,123.22 crore.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More