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Balu Forge Industries spurts on the bourses

31 Aug 2021 Evaluate

Balu Forge Industries is currently trading at Rs. 260.00, up by 7.50 points or 2.97% from its previous closing of Rs. 252.50 on the BSE.

The scrip opened at Rs. 252.50 and has touched a high and low of Rs. 261.00 and Rs. 251.40 respectively. So far 70 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.45 on 27-Jul-2021 and a 52 week low of Rs. 93.50 on 31-Aug-2020.

Last one week high and low of the scrip stood at Rs. 262.00 and Rs. 245.00 respectively. The current market cap of the company is Rs. 1935.70 crore.

The promoters holding in the company stood at 64.62%, while Institutions and Non-Institutions held 11.85% and 23.53% respectively.

Balu Forge Industries has joined the U.N. Global Compact as a signatory & the company will be integrating the principles of the Compact into its business practices with an objective of creating a sustainable world built on strong principles laid down by the above initiative.

Balu Forge Industries was engaged in the manufacturing of agricultural machinery such as Tractor trailers, MB ploughs, Spring Cultivators, Reversible Ploughs and Disc Harrow.


Peers
Company Name CMP
Bharat Forge 1996.15
Ramkrishna Forgings 706.80
MM Forgings 615.00
Happy Forgings 2086.00
Balu Forge Inds. 499.40
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