BSE SmallCap Stock in Focus Ahead of Board Meeting on Dividend Proposal in Q4 Results
Shares of BCL Industries, a key player in the renewable energy sector, gained traction on Friday, May 23, 2025, after the company announced that its board will soon meet to consider and approve the audited financial results for the quarter and financial year ending March 31, 2025. The board will also deliberate on a possible dividend declaration.
The stock opened higher at Rs 40.30 on the BSE, up from its previous close of Rs 39.73. However, it experienced some profit booking and touched an intraday low of Rs 39.61, before trading slightly higher at Rs 39.89.
BCL Industries shares have a 52-week high of Rs 68.83 and a low of Rs 33, with the company's current market capitalization standing at approximately Rs 1,177.41 crore.
'The Board will consider and approve the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2025, and recommend the dividend, if any, for the financial year 2024-25,' the company said in an exchange filing.
Despite a massive 925% return over the past five years, the stock has seen a 27% correction over the last year and is down 21% year-to-date.
Looking ahead, BCL is expanding its bio-energy footprint with a Rs 150 crore investment in a new plant in West Bengal. The company has also secured environmental clearance for a 75 KLPD (kilo litres per day) facility in Kharagpur. A similar plant is under development in Bathinda, Punjab, with both projects expected to be completed within 18–24 months.
Meanwhile, broader markets saw a strong rebound. Benchmark indices Sensex and Nifty rallied on Friday, fueled by buying in heavyweight IT stocks and consumer giant ITC. After a muted opening, the Sensex surged 953.18 points to 81,905.17, while the Nifty rose 299.35 points to 24,909.05.
Among the top Sensex gainers were ITC, Eternal, Power Grid, Tech Mahindra, Infosys, and HCL Tech. Sun Pharma was the only notable laggard in the session.
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