1:10 Stock Split & 8:10 Bonus Shares Announced: December 26 Record Date; Ideal Time To Buy?

In Ahmedabad, Bharat Global Developers Ltd. was established as a public limited company on June 15, 1992. The company specialises in locating, bringing in, and exporting a broad range of products from sectors including textiles, agriculture, building materials, precious metals, gemstones, and more. With a market valuation of Rs 11.98KCr, Bharat Global Developers' shares closed on Friday at a 5% upper circuit limit of Rs 1,183.50 each on the BSE.

Bharat Global Developers Record Date For Stock Split & Bonus Shares

For the purpose of issuing bonus shares in the ratio of 08:10 i.e. eight new bonus equity shares of Rs.10/- each for every ten existing fully paid-up Equity Shares of Rs.10/- each held as well as sub-division of one (1) equity share of face value of Rs. 10/- each into ten (10) equity shares of face value of Re.1/- (Rupee One only) each, the Board of Directors of Bharat Global Developers have fixed Thursday, December 26, 2024.

Bharat Global Developers Financials

The company reported to the financial markets that its revenue from operations climbed by 300% from Q1FY25 to Q2FY25, from Rs 54.05 crore to Rs 216.35 crore. Quarter-on-quarter, the company's net profit jumped by 298% from Rs 2.53 crore to Rs 10.10 crore. An infrastructure engineering order of Rs 120 crore was successfully received by BGDL from Reliance Industries Ltd., marking a significant breakthrough in Q2. A PEG ratio of 0.89% and the company's near-debt-free status suggest that the stock is fairly cheap. The PE ratio of 757.59 for Bharat Global Development is high and rather overpriced. Bharat Global Development's most recent EPS is Rs 1.56.

Bharat Global Developers Share Price Target

"Bharat Global stock price is bullish on the Daily charts with strong support at 1127. A Daily close above resistance of 1192 could lead to a target of 1390 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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