Multibagger Stock Bhatia Communication Hits 52W-High: Should You Bet?

During the bullish period in the stock market, the shares of Bhatia Communication and Retail were registering good growth and had reached the level of Rs 33.63.

Bhatia Communication & Retail is a micro cap company with a market cap of Rs 408 crore whose shares have a 52 week high of Rs 33.63 while a 52 week low of Rs 13.

Shares of Bhatia Communication and Retail have given a return of 16 percent to investors in the last 5 days while in the last one month they have given a return of 51 percent from the level of Rs 21.57.

In the last 6 months, the shares of Bhatia Communication and Retail have given a return of 83 percent to the investors from the level of Rs 18.

Recently, the company announced its Q3FY24 Results. Net profit of Bhatia Communications & Retail (India) rose 1.22% to Rs 2.49 crore in Q3FY24 as against Rs 2.46 crore during the Q3FY23. Sales rose 20.35% to Rs 116.79 crore in Q3FY24 as against Rs 97.04 crore during Q3FY23.

Bhatia Communication & Retail India Limited is a multi-brand consumer durables, electronics and electrical appliances retailer with a wide range of products. The company operates in South and Central Gujarat and surrounding areas.