Bharat Forge is currently trading at Rs. 1125.00, up by 17.30 points or 1.56% from its previous closing of Rs. 1107.70 on the BSE.
The scrip opened at Rs. 1120.80 and has touched a high and low of Rs. 1130.25 and Rs. 1115.05 respectively. So far 21,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1220.45 on 08-Jun-2017 and a 52 week low of Rs. 716.70 on 04-Aug-2016.
Last one week high and low of the scrip stood at Rs. 1139.80 and Rs. 1092.50 respectively. The current market cap of the company is Rs. 26,189.00 crore.
The promoters holding in the company stood at 45.75%, while Institutions and Non-Institutions held 34.95% and 19.31% respectively.
Bharat Forge’s subsidiary - Kalyani Strategic Systems (KSSL), the defense arm of Kalyani Group and Israel Aerospace Industries (IAI) have signed a new Memorandum of Understanding (MoU) addressed to expand the Joint Venture that the companies are establishing. The new MOU covers the establishment of a maintenance center in India for Selected Advanced Air Defense Systems. The two companies have also agreed on expanding their joint operations for development, manufacturing and marketing of precise ammunition systems.
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.
