Bharat Forge is currently trading at Rs. 1169.00, up by 13.65 points or 1.18% from its previous closing of Rs. 1155.35 on the BSE.
The scrip opened at Rs. 1163.70 and has touched a high and low of Rs. 1174.50 and Rs. 1162.25 respectively. So far 61803 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. 1174.50 and Rs. 1130.00 respectively. The current market cap of the company is Rs. 27143.82 crore.
The promoters holding in the company stood at 45.75%, while institutions and non-institutions held 35.46% and 18.79% respectively.
Kalyani Rafael Advanced Systems (KRAS), a Joint Venture (JV) between Kalyani Strategic Systems (KSSL), a subsidiary of Bharat Forge and Rafael Advanced Defense Systems of Israel, inaugurated their state-of-the-art facility at Hyderabad.
In line with the Government’s ‘Make in India’ initiative, the Joint Venture will invest in high-end technology and advanced manufacturing techniques to design, develop and manufacture state-of-the art weapon systems for the Indian Armed Forces. This green field Joint Venture envisages creation of significant direct and indirect employment opportunities, import substitution and foreign direct investments into the country.
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.
