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Stock hits 5% upper circuit after it receives order from UPL Agro 

Leading agri-commodities supplier has secured a ₹156 crore order from UPL Agro Pvt. Ltd. for 3,00,000 tons of oil-grade groundnuts, to be delivered over six months, boosting market position and growth.
Stock hits 5% upper circuit after securing major order from UPL Agro Pvt. Ltd.
Stock hits 5% upper circuit after securing major order from UPL Agro Pvt. Ltd.

Introduction:

Leading agri-commodities supplier has secured a ₹156 crore order from UPL Agro Pvt. Ltd. for 3,00,000 tons of oil-grade groundnuts. This major order, to be delivered over six months, strengthens the supplier’s market position and supports long-term growth objectives.

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Share price movement of Bharat Global Developers:

On November 26, 2024, Bharat Global Developers Ltd. opened at ₹1544.05, up 5.00% from ₹1471.15. The stock reached a high of ₹1544.70 and a low of ₹1544.05. By 3:49 PM, it traded at ₹1544.70, with a market cap of ₹15,641.57 crore.

BGDL secures ₹156 crore order:

Bharat Global Developers Ltd. (BGDL) has secured a major order from UPL Agro Pvt. Ltd. for 3,00,000 tons of oil-grade groundnuts, valued at ₹156 crores. The delivery will take place over six months, ensuring the highest quality standards.

This order strengthens BGDL’s position in the agri-commodities sector. The company expects a boost in revenue and profitability, with the advance payment received improving liquidity. This highlights BGDL’s operational efficiency and capability to handle large-scale orders.

BGDL’s collaboration with UPL Agro solidifies its reputation as a trusted supplier in the industry. The order supports the company’s long-term growth strategy, opening doors for future business opportunities. BGDL remains committed to transparency and will keep stakeholders updated.

Recent news on Bharat Global Developers:

As of November 21, 2024, Bharat Global Developers Ltd. secured AED 109 million (₹251 crore) worth of orders through its Dubai subsidiary for extracting and supplying high-value stones, gold, and palladium. The company also announced a stock split and bonus issue.

Ace investor holding in Bharat Global Developers:

Dhaval Manubhai Jadav

Dhaval Manubhai Jadav holds a significant 6.91% stake in Bharat Global Developers Ltd., with 7,000,000 shares valued at ₹1,081.3 crores. This substantial holding reflects his strong position and commitment to the company’s future growth and performance.

Hiren Maheshbhai Sadhu

Hiren Maheshbhai Sadhu holds a 6.91% stake in Bharat Global Developers Ltd., owning 7,000,000 shares valued at ₹1,081.3 crores. This significant shareholding highlights his strong commitment and belief in the company’s growth and future prospects.

Manubhai Sendhabhai Bharwad

Manubhai Sendhabhai Bharwad also holds a 6.91% stake in Bharat Global Developers Ltd., with 7,000,000 shares valued at ₹1,081.3 crores. His significant shareholding underscores his confidence in the company’s growth and long-term prospects.

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Stock performance of Bharat Global Developers for Period of 1 week, 6 months and 1 year:

Bharat Global Developers Ltd has shown impressive performance, with a 15.8% return over the past week, 564% over six months, and an extraordinary 5,248% return over the last year. These figures reflect its strong growth and remarkable market performance.

Shareholding pattern of Bharat Global Developers:

All values in %Oct 16, 2024Sep 2024Jun 2024
Promoter0%0%0%
FII0%0%0%
DII0%0%0%
Public100%100%100.00%
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About the company Bharat Global Developers:

Bharat Global Developers Ltd (BSE: 521238), established in 1992, specializes in global trade across diverse sectors. The company imports, exports, and sources products in industries such as textiles, agriculture, fertilizers, gemstones, and consumer goods.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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