Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore
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Bharat Forge is currently trading at Rs. 983.50, up by 14.00 points or 1.44% from its previous closing of Rs. 969.50 on the BSE.
The scrip opened at Rs. 978.85 and has touched a high and low of Rs. 987.35 and Rs. 967.80 respectively. So far 35787 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.85 on 21-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 989.85 and Rs. 936.85 respectively. The current market cap of the company is Rs. 45760.38 crore.
The promoters holding in the company stood at 45.25%, while Institutions and Non-Institutions held 44.59% and 10.16% respectively.
Bharat Forge’s wholly owned defence subsidiary -- Kalyani Strategic Systems (KSSL) has bagged two export orders aggregating to EURO 93.87 million (around Rs 850 crore) from friendly countries for supply of components and Armoured vehicle chassis to be executed over a 18 months’ timeframe. This is subject to necessary government approvals.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
