Bharat Forge gains on the BSE

17 Mar 2021 Evaluate

Bharat Forge is currently trading at Rs. 613.30, up by 2.45 points or 0.40% from its previous closing of Rs. 610.85 on the BSE.

The scrip opened at Rs. 616.00 and has touched a high and low of Rs. 625.75 and Rs. 611.20 respectively. So far 18503 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.10 on 13-Jan-2021 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. 631.15 and Rs. 602.55 respectively. The current market cap of the company is Rs. 28456.78 crore.

The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 36.07% and 18.16% respectively.

Bharat Forge is intending to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain (KPPL). In this regard, on March 16, 2021, the ‘Investment Committee – Strategic Business’ of the company has approved to acquire 100% stake in KPPL which shall act as the SPV to carry on the EV business.

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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