New Delhi: Breweries & Distilleries company BCL Industries has informed exchanges that a promoter has hiked a stake in the company. The company in an exchange filing said that BCL Industries promoter Kushal Mittal has acquired more than 3.50 lakh shares. He purchased 189499 or 1.89 lakh equity shares on March 20 75000 equity shares on March 21 and 110000 or 1.10 lakh equity shares on March 24. After the fresh acquisition the promoters share has now increased to 48672364 representing 16.49 per cent stake. Before this acquisition he owned 48297865 shares of the company representing 16.36 per cent stake. BCL Industries is one of the largest grain-based manufacturers of Extra Neutral Alcohol (ENA) and ethanol in the country. As per the December 2024 shareholding pattern promoters own majority stake in BCL Industries at 55.77 percent while a 40.55 per cent stake is owned by non-institutional investors. Meanwhile the stock started todays session at Rs 39.88 on the BSE against the previous close of Rs 39.03. The counter gained further to touch a high of Rs 40.23. However it soon pared all gains and fell to touch the low of Rs 38.02. Last seen the stock was trading at Rs 38.25. The counter has given a multibagger return of 1265 per cent in 5 years. But it has corrected 35 per cent in one year. So far this year the scrip has corrected 24 per cent. The stock has given 220 per cent returns on the NSE in the last four years. The market capitalisation of the company is Rs 1144.64 crore. Meanwhile benchmark indices Sensex and Nifty continued their winning run on Tuesday early trade as investors sentiment remained firm amid foreign fund inflows and a sharp rally in the US markets. Earlier the renewable energy player said it is setting up a bio-energy plant in West Bengal with an investment of Rs 150 crore.