Bharat Forge is currently trading at Rs. 387.65, up by 3.45 points or 0.90 % from its previous closing of Rs. 384.20 on the BSE.
The scrip opened at Rs. 382.50 and has touched a high and low of Rs. 388.45 and Rs. 379.40 respectively. So far 34479 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 533.10 on 16-Jan-2020 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. 397.45 and Rs. 377.00 respectively. The current market cap of the company is Rs. 17729.62 crore.
The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 37.21% and 16.85% respectively.
Bharat Forge’s board is going to meet next week to consider raising of funds. A meeting of the company’s board is scheduled to be held on July 29 to seek approval for raising funds either through term loan, non-convertible debentures or any other instruments as may be appropriate.
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.
