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Bharat Forge gains on getting CCI’s nod to acquire AAM India Manufacturing Corporation

23 Apr 2025 Evaluate

Bharat Forge is currently trading at Rs. 1109.50, up by 6.45 points or 0.58% from its previous closing of Rs. 1103.05 on the BSE.

The scrip opened at Rs. 1110.20 and has touched a high and low of Rs. 1126.05 and Rs. 1099.85 respectively. So far 10053 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1826.20 on 21-Jun-2024 and a 52 week low of Rs. 919.10 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 1115.40 and Rs. 1040.80 respectively. The current market cap of the company is Rs. 52893.34 crore.

The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 46.42% and 9.51% respectively.

Bharat Forge has received approval from Competition Commission of India (CCI) for acquisition of AAM India Manufacturing Corporation after accepting certain voluntary modifications proposed by the companies.

AAM India Manufacturing Corporation is into manufacturing and sale of axles for commercial vehicles in 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.

Peers
Company Name CMP
Bharat Forge 1940.00
Ramkrishna Forgings 710.70
MM Forgings 632.10
Happy Forgings 2167.15
Balu Forge Inds. 533.25
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