Bharat Forge surges after its arm secures order for supply of Artillery Guns
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Bharat Forge is currently trading at Rs. 884.00, up by 8.40 points or 0.96% from its previous closing of Rs. 875.60 on the BSE.
The scrip opened at Rs. 878.65 and has touched a high and low of Rs. 890.00 and Rs. 872.60 respectively. So far 60636 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 890.00 on 09-Nov-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 890.00 and Rs. 844.45 respectively. The current market cap of the company is Rs. 41083.54 crore.
The promoters holding in the company stood at 45.25%, while Institutions and Non-Institutions held 44.01% and 10.72% respectively.
Bharat Forge’s wholly-owned subsidiary -- Kalyani Strategic Systems has been awarded an export order for a 155mm Artillery Gun platform to be executed over a 3-year timeframe. The total value of the order is $155.50 Million.
This order, to a non-conflict zone, is a great testament to the Government of India’s AatmaNirbhar Bharat agenda and its sustained push to promote exports of Indigenously Designed Developed and Manufactured (IDDM) advanced defence platforms from India.
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.
