Latest news with #BahetiRecyclingIndustries
Mint
12-05-2025
- Business
- Mint
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. This development is a significant step towards strengthening our business relations with reputed OEMs and reflects the trust and confidence of Minda Corporation Limited in our product quality and timely delivery capabilities, the company added. 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%. From today's high, the SME stock has seen a spectacular rally, delivering 1,321% returns to its IPO investors. Around 1.30 pm, Baheti Recycling Industries share price was trading at ₹ 638.50, up 9.15%.
Mint
12-05-2025
- Business
- Mint
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%.
Business Standard
06-05-2025
- Business
- Business Standard
Baheti Recycling Industries PAT Rises 159% in H2 of FY 2025
PNN Ahmedabad (Gujarat) [India], May 6: Baheti Recycling Industries Limited (NSE: BAHETI), a leading player in aluminium recycling and manufacturing of aluminium alloys and de-ox alloys, announced its financial results for the half year and full year ended March 31, 2025, on Monday, reporting substantial growth in both revenue and net profit. For the half year ended March 31, 2025, the company reported a revenue of Rs. 26,716.10 lakh, an increase of 20% over revenue of Rs. 22,265.92 lakh in the corresponding period last year. Net profit surged by 158.7% to Rs. 1,098.93 lakh, compared to Rs. 424.77 lakh in the same period of the previous year, reflecting robust operational efficiency and growing demand. For the full financial year ended March 31, 2025, Baheti Recycling Industries posted revenues of Rs. 52,453.87 lakh, up by 22.1% from Rs. 42,945 lakh in the previous financial year. The company's net profit for the whole fiscal year zoomed 150% to Rs. 1,800.98 lakh from Rs. 720.08 lakh a year earlier, underlining strong performance across business verticals. Commenting on the results, Yash Shah, Joint Managing Director of Baheti Recycling Industries Limited, said, "The robust financial performance in the second half and the whole financial year reflects the resilience of our business and the growing recognition of sustainable recycling practices in India. We remain committed to operational excellence and want to play an even bigger role in contributing to the circular economy." Baheti Recycling Industries is a leader in scrap processing and recycling in India and has a presence in 12 states and union territories. The company also caters to clients in Japan, Canada, the US, China, Hong Kong, the UAE, Taiwan, etc. Its consistent financial growth reinforces its position as a trusted supplier in the aluminium recycling segment. The shares of Baheti Recycling Industries closed at Rs. 621 on Monday, 0.29% higher than the previous close of Rs. 619.20. The shares opened at Rs. 628.85 and touched a fresh 52-week high of Rs. 649.90 intra-day, with more than 77 lakh shares changing hands. The company's market cap stood at Rs. 643.89 crore.
