Ethanol producer BCL Industries shares zoomed today

BCL Industries shares rose on Monday amid strong buying in the domestic stock market. The small-cap stock started flat at Rs 57.30 on the NSE and climbed to a high of Rs 60.20 during the day, marking an increase of over 5 per cent.

By noon, the shares of the ethanol marker were trading firmly in the green, near the day’s high at Rs 59.30 each, up by 3.25 per cent. Around the same time, about 10 lakh equities were traded.

BCL Industries shared ended today with Rs 60.10 each.

BCL Industries shares gained today after falling for 10 consecutive days. The stock is currently trading above its 5-day, 20-day, and 200-day moving averages but below its 50-day and 100-day moving averages.

BCL Industries is one of India’s largest distilleries, specializing in grain-based products, including Extra Neutral Alcohol (ENA) and ethanol.


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