Bharat Forge stock up by more than 1% today

12 Dec 2022 , 01:33 PM

In an otherwise range-bound market, Bharat Forge shares increased 2% to Rs 872.50 per share on Monday. The increase follows the management’s affirmation of solid medium-term revenue forecasts, backed by expansion in the defense, aerospace, e-mobility, and aluminum areas.

On November 11, 2022, the stock of the casting and forging company reached a record high of Rs 896.40, which it recently traded near. In the last six months, it increased by 30% compared to the S&P BSE Sensex’s 14.4% growth. However, it lost 2% of its value in a month compared to the benchmark index’s 0.53 % rise.

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