Bharat Forge is currently trading at Rs. 809.70, up by 19.55 points or 2.47% from its previous closing of Rs. 790.15 on the BSE.
The scrip opened at Rs. 801.00 and has touched a high and low of Rs. 814.90 and Rs. 794.90 respectively. So far 30032 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1362.90 on 06-Apr-2015 and a 52 week low of Rs. 720.65 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 814.90 and Rs. 730.05 respectively. The current market cap of the company is Rs. 18739.94 crore.
The promoters holding in the company stood at 46.75% while Institutions and Non-Institutions held 32.15% and 21.10% respectively.
Life Insurance Corporation of India (LIC) has hiked its stake in Bharat Forge by 2.02%, through purchase of 47.12 lakh shares in the open market. LIC, which earlier held 5% stake, increased its shareholding in the components maker to 7.02%. The shares were bought between December 12, 2015, and March 1, 2016.
Bharat Forge is the flagship company of the $3.0 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Power, Construction & Mining, Aerospace and Rail & Marine.
