Bharat Forge inches up as its arm inks pact for supply of cannons to US at IDEX 2025
Bharat Forge is currently trading at Rs. 1076.75, up by 1.40 points or 0.13% from its previous closing of Rs. 1075.35 on the BSE.
The scrip opened at Rs. 1092.80 and has touched a high and low of Rs. 1103.95 and Rs. 1068.00 respectively. So far 11414 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1826.20 on 21-Jun-2024 and a 52 week low of Rs. 1047.25 on 13-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1105.95 and Rs. 1049.35 respectively. The current market cap of the company is Rs. 51141.14 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 46.38% and 9.55% respectively.
Bharat Forge’s wholly owned subsidiary -- Kalyani Strategic Systems (KSSL) and AM General, USA, have signed a Letter of Intent (LOI) at IDEX 2025 for the supply of made in India advanced artillery cannons to the United States. This marks the first-ever supply of cannons from an Indian defence manufacturer to the United States, a testament to the strengthening bilateral defence cooperation between two nations.
Building upon its extensive expertise in artillery systems and its prior collaboration with AM General, the company continues to establish itself as a key player in the global defence industry. The company had recently entered an agreement with AM General to co-develop a wide range of next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in both 105mm and 155mm calibers.
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.
