Bharat Forge gains on partially resuming operations at Baramati plant

06 May 2020 Evaluate

Bharat Forge is currently trading at Rs. 284.55, up by 5.15 points or 1.84% from its previous closing of Rs. 279.40 on the BSE.

The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 287.75 and Rs. 272.55 respectively. So far 88561 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 533.10 on 16-Jan-2020 and a 52 week low of Rs. 207.85 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 324.80 and Rs. 268.00 respectively. The current market cap of the company is Rs. 13271.60 crore.

The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 35.87% and 18.36% respectively.

Bharat Forge has partially resumed operations at its Baramati facility after obtaining approval from the government. The company plans to commence operations at the facility with immediate effect after obtaining permission from the local district authority (MIDC, Baramati). The company's other manufacturing facilities in the country would remain closed till further notice.

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.

Bharat Forge Share Price

1135.00 23.90 (2.15%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Bharat Forge 1135.00
CIE Automotive India 461.20
Ramkrishna Forgings 691.05
MM Forgings 882.85
Happy Forgings 897.00
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