Bharat Gears Limited stock gave a 300% return in two years

Bharat Gears Limited (BGL) is a publicly listed company in the Indian stock market that has given a 300% return to its shareholders in the last 2 years. Bharat Gears Limited (BGL) is mainly involved in manufacturing auto parts and exports these auto parts to America, Europe, and Africa apart from India. Bharat Gears Limited (BGL) is engaged in manufacturing Ring Gears, Transmission Gears, Shafts, and Differential Gears in addition to a wide range of gears in auto parts. These gears and shafts are a special part of our daily use vehicles.

Bharat Gears Limited (BGL) has established its manufacturing plants in Mumbra, Faridabad, and Satara where all auto parts are manufactured.
BGL Company deals in Autoparts Supply with a network of more than 70 dealers across 26 states in India.

Major domestic and global customers of BGL include Ashok Leyland, Mahindra & Mahindra, Tata Motors, John Deere UK, and ZF USA.

Gave great returns to investors

Shares of BGL Company have gained 300% growth in the last 2 years, due to which the shareholders of the company have received strong profits. The stock price of BGL Company was Rs.33.89 in November 2020, which has increased to Rs.127.70 as on November 24, 2022. Its investors have received 300% returns from this increased price

Increase in the company’s revenue and profit

In Q2 FY23, the company’s revenue grew by 14.42% YoY to Rs.213.55 crore and PAT stood at Rs.5.76 crore. The company has shown good growth in revenue, but the expenses of the company have increased. With a market capitalization of Rs 195 crore, the company has ROE and ROCE of 25.5 percent and 24.1 percent, respectively. Today, the stock opened at Rs 129.75 and touched a high and low of Rs 129.75 and Rs 125.65. The stock’s 52-week high and low is Rs 173.00 and Rs 80.47 respectively on BSE. We can expect good performance from this stock in times to come. Long-term investors as well as momentum traders should keep this stock on their watchlist.

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