Unveiling the Ethanol Boom: Why This Stock Soared 1,150% in Just Five Years!

Kushal Mittal, a key promoter of BCL Industries, has recently expanded his stake in the ethanol blending enterprise, according to a filing submitted to the stock exchange. This strategic maneuver, detailed on March 24, showcases Mittal’s confidence in the company’s future prospects. Over the span of several days, he acquired a notable number of shares, signaling a bullish outlook as the company continues to make waves in the industry.

Share Acquisition Details

In a series of transactions, Mittal purchased a total of 374,499 shares, which translates to approximately 0.13% of BCL Industries’ total share capital. The breakdown of his acquisitions includes:

1,89,499 shares on March 20
75,000 shares on March 21
1,10,000 shares on March 24

In his filing, Mittal expressed, “I wish to inform that I have acquired shares of BCL Industries Limited,” reflecting his commitment to the company’s growth.

Current Shareholding Position

Following this latest purchase, Mittal’s overall stake in BCL Industries has risen to 16.49%, up from 16.36% prior to these transactions. This increase in ownership comes at a pivotal time for the company, especially after its recent announcement of securing a ₹134.87 crore contract for ethanol supply to Indian oil marketing firms—a development that saw the stock price surge over 7% to ₹37.35 on February 19, 2025.

Market Performance

As of the latest trading session, the shares of BCL Industries closed down by 0.74% at ₹39.03, a slight drop from the previous day’s closing price of ₹39.32. Despite this recent dip, the company has shown remarkable growth over the past five years, delivering a staggering 1,150% return to investors. However, it’s worth noting that the stock has faced challenges over the past year, declining by 32.41%.

Notable Statistics:

4-Year Returns on NSE: 220%
5-Day Stock Gain: 5.75%
52-Week High: ₹68.83 (September 18, 2024)
52-Week Low: ₹34.50 (February 18, 2025)
Market Capitalization: ₹1,152.02 crore as of March 24

Conclusion

The recent actions by Kushal Mittal underscore a strong belief in the potential of BCL Industries within the rapidly evolving ethanol market. With a solid track record of returns and strategic contracts in place, investors will be keenly observing how these developments unfold in the coming months. For those interested in the ethanol blending sector, BCL Industries remains a stock to watch closely moving forward.