Baheti Recycling Industries, a small and medium enterprise (SME) stock, has recently captured investor attention with a remarkable performance in the stock market. On May 12, the company’s shares skyrocketed by 9% following the announcement of a major contract win. With a market capitalization of ₹658 crore, Baheti Recycling is making waves in the trading arena, thanks to a lucrative order from Minda Corporation Limited.

Significant Order Win Boosts Share Price

In a recent filing, Baheti Recycling Industries disclosed that it has entered into a Memorandum of Understanding (MoU) with Minda Corporation. This agreement outlines the supply of 4,368 Metric Tonnes (MT) of Aluminium Alloy Ingots for the financial year 2025-26, valued at approximately ₹121 crore.

• Key Highlights of the MoU:
  • Supply of 4,368 MT of Aluminium Alloy Ingots
  • Contract valued at ₹121 crore
  • Strengthening ties with established OEMs

The management expressed optimism about this partnership, indicating that it signifies Minda Corporation’s confidence in Baheti’s product quality and timely delivery. This collaboration is expected to enhance their business relationship with reputable original equipment manufacturers (OEMs).

Stock Performance and Market Trends

Following the announcement, Baheti Recycling’s stock saw a notable increase, reaching a high of ₹639.55 on the NSE, marking a 9.32% rise. The stock is now nearing its 52-week peak of ₹649.90, which was achieved earlier this month on May 5, 2025.

From its 52-week low of ₹216.55 recorded on May 17, 2024, the shares have appreciated impressively, showcasing an increase of 195%.

• Performance Overview:
  • Current Price: ₹638.50 (up 9.15%)
  • IPO Listing: December 8, 2022, at ₹114
  • IPO Price: ₹45, reflecting a 153% listing gain
  • Total Returns: 1,321% for IPO investors

Conclusion: A Bright Future Ahead

The recent surge in Baheti Recycling Industries’ stock reflects not only the positive sentiment surrounding the company but also the broader market dynamics favoring SMEs. As they continue to establish strong partnerships and deliver quality products, investors may find this multibagger stock an intriguing option for their portfolios.

For further exploration on market trends and investment opportunities, you may want to check related articles on financial performance indicators and emerging market stocks.