The stock of Orissa Bengal Carrier Ltd has seen a significant increase, with a rise of 61 per cent from its 52-week low of Rs 42.59 per share. Over the past 3 years, it has provided multibagger returns of over 200 per cent.
On Tuesday, the shares of Orissa Bengal Carrier Ltd were among the Top Gainers on BSE, surging by 10.42 per cent to Rs 68.65 per share from its previous closing of Rs 62.17. The stock has a 52-week high of Rs 79.44 and a low of Rs 42.59. The recent surge in the stock price can be attributed to the company signing a contract to transport around 1,80,000 metric tons of materials for Ambuja Cement Limited.
Orissa Bengal Carrier Ltd, established in 1994, is a transportation and logistics company in India that specializes in bulk transportation services. They offer a range of services including full truckload, less than truckload, warehousing, third-party logistics, and parcel services. With a pan-India network comprising 40 branches and a fleet of 69 commercial vehicles, OBCL efficiently transports goods for corporate and government clients using a hub-and-spoke delivery model.
The company has a market cap of Rs 136 crore and has shown a 3-year stock price CAGR of 40 per cent. The recent surge in stock price reflects its strong performance, providing investors with multibagger returns over the years.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.