BGIL Films & Technologies, a film production company, has witnessed significant volatility in its share price recently amidst the current bullish trend in the Indian stock market.
Last Friday, the stock of BGIL Films & Technologies surged by 11% to reach Rs 4.97. At its peak during trading, the stock soared by over 15% to Rs 5.35.
This marks a notable recovery from its low of Rs 1.89 in November 2023 and stands near its 52-week high of Rs 5.73 reached in December 2023. Over the past week or month, investors have gained returns exceeding 35%.
Shareholding Pattern
As of March 2024, promoters hold 41.84% of BGIL Films & Technologies, while public shareholders own the remaining 58.16%.
Notably, the Bhatia family holds 14,53,106 shares, and prominent public shareholder Mohammad Shah Alam holds 15,09,52 shares.
Market Overview
The broader Indian stock market has been setting new records consistently. Last Friday, the BSE Sensex closed at a new high of 76,992.77 points, up 181.87 points or 0.24%.
Similarly, the NSE Nifty ended at 23,465.60 points, gaining 66.70 points or 0.29%. On a weekly basis, the BSE rose by 299.41 points (0.39%), while the Nifty surged by 175.45 points (0.75%).
However, market momentum has slightly slowed due to cautious sentiments following hawkish comments from the US Federal Reserve, indicating a possible pause in interest rate cuts.
Investors are now anticipating cues from the upcoming Union Budget, which might lead to consolidation in the near term.
