Balu Forge Industries is currently trading at Rs. 123.30, up by 5.85 points or 4.98% from its previous closing of Rs. 117.45 on the BSE.
The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 123.30 and Rs. 113.00 respectively. So far 7959 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 276.45 on 18-Oct-2021 and a 52 week low of Rs. 94.40 on 21-Dec-2021.
Last one week high and low of the scrip stood at Rs. 143.00 and Rs. 113.00 respectively. The current market cap of the company is Rs. 871.07 crore.
The promoters holding in the company stood at 64.62%, while Institutions and Non-Institutions held 11.98% and 23.40% respectively.
Balu Forge Industries’ board has approved commencement of new business line and foray into the field of activities relating to agriculture and its allied activates. The company is planning to carry on the business of marketing all kinds of agricultural goods, products, commodities and services as buyers, sellers, traders, wholesalers, importers, distributors, agents, brokers, stockists, commission, agents, dealers and consultants of all kinds of products and services.
It also planning to carry on the business of producing grains, cereals, oil seeds, and other related farming products, and promoting, contributing, and improving the productive utilization of land, providing infrastructure and logistic support, promoting cultivation, providing information to farmers, and carry on the business of marketing of the farms produces either through own established system or in contract with others. It also planning to pursue the business of developing, creating and/or building a platform which connects the farmers with retails vendors of products, fertilizers, seeds, which are necessary and required by the farmers and with agriculture equipment manufacturers to procure the products related to agriculture. The Board of Director of the company in its meeting held on February 14, 2022 has approved the same.
Balu Forge Industries was engaged in the manufacturing of agricultural machinery such as Tractor trailers, MB ploughs, Spring Cultivators, Reversible Ploughs and Disc Harrow.
| Company Name | CMP |
|---|---|
| Bharat Forge | 1859.95 |
| Ramkrishna Forgings | 535.30 |
| MM Forgings | 463.25 |
| Happy Forgings | 1336.75 |
| Balu Forge Industrie | 486.20 |
| View more.. | |
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