Share Market News: Balu Forge Shares In Focus As Company Announces Expansion

Home
Business
Share Market News: Balu Forge Shares In Focus As Company Announces Expansion | Check Detail Here

The 52-week high level of Balu Forge Industries shares is Rs 324.40 while the 52-week low level is Rs 268. Balu Forge shares have given a return of 15 per cent to investors in the last one month.

Stocks To Buy Today
Balu Forge Industries shares are in focus on Tuesday as the company has shared a major expansion plan. According to the company, they will be setting up an advanced Forging Capacity of 72,000 Tons annually.
“Besides the increase in the capacity, it enhances our R & D capability by far and with consistent to our vision & business plan to move away from pure forging company to become a value added Specialized Critical Engineering product company,” the company said.
On Tuesday, amidst the surge in the stock market, the shares of Balu Forge Industries, invested by Ashish Kacholia, were registering a slight rise and the shares of Balu Forge with a market cap of Rs 3240 crore touched the level of Rs 315.
The 52-week high level of Balu Forge Industries shares is Rs 324.40 while the 52-week low level is Rs 268. Balu Forge shares have given a return of 15 per cent to investors in the last one month.

Earlier in the day, the equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh foreign fund outflows. The 30-share BSE Sensex declined 218.11 points to 73,787.83. The NSE Nifty dipped 97.45 points to 22,404.55.
Among the Sensex components, Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever and ICICI Bank were the major laggards. Tata Steel, Power Grid, Tata Steel and Asian Paints were among the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.Wall Street ended mostly higher on Monday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.95 crore on Saturday, according to exchange data.
Global oil benchmark Brent crude declined 0.56 per cent to USD 83.24 a barrel. The BSE benchmark climbed 88.91 points or 0.12 per cent to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16 per cent to 22,502.