1300% rally in 2.5 years! Multibagger SME stock with just ₹650 crore m-cap bags ₹121 crore order. Do you own?
Multibagger SME stock: Shares of small and medium enterprise (SME) company Baheti Recycling Industries hogged the limelight in trade on Monday, May 12, following a significant order win.
The multibagger SME stock, with a market cap of ₹ 658 crore, surged a whopping 9% in intraday trade following a ₹ 121 crore order from Minda Corporation Limited.
"... We would like to inform you that Baheti Recycling Industries Limited has entered into a Memorandum of Understanding (MOU) with Minda Corporation Limited. As per the terms of the MOU, Baheti Recycling Industries Limited shall supply a quantity of 4,368 Metric Tonnes (MT) of Aluminium Alloy Ingots during the financial year 2025-26. The estimated value of this supply is approximately (gross) INR 121 crores," the company said in a filing today.
Following the announcement of this MoU with Mida Corporation, SME stock Baheti Recycling Industries surged as much as 9.32% to the day's high of ₹ 639.55 on the NSE. The stock traded close to its 52-week high level of ₹ 649.90, hit on May 5, 2025.
Meanwhile, from its 52-week low of ₹ 216.55, hit on May 17, 2024, Baheti Recycling Industries share price has surged a whopping 195%.
Shares of Baheti Recycling Industries had listed on the NSE Emerge platform on December 8, 2022, at ₹ 114, as against the IPO price of ₹ 45, resulting in a listing pop of 153%.
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