Balu Forge Industries is seeing a positive performance on the BSE, with its shares currently trading at Rs. 824.90, marking an increase of 18.10 points or 2.24% from the previous close of Rs. 806.80.

The stock opened at Rs. 815.00, reaching an intraday high of Rs. 863.00 and a low of Rs. 814.45. A total of 49,496 shares have been exchanged so far.

This stock, part of BSE group 'B' with a face value of Rs. 10, reached a 52-week high of Rs. 890.00 on September 24, 2024, and a 52-week low of Rs. 154.55 on March 14, 2024.

In the past week, the stock fluctuated between a high of Rs. 890.00 and a low of Rs. 721.00. The company's current market capitalization stands at Rs. 9,051.94 crore.

Promoters hold a 56.07% stake in the company, while institutional and non-institutional investors account for 9.94% and 33.99% of holdings, respectively.

Balu Forge Industries (BFIL) has added 7 Axis CNC machines to its operations. This acquisition aims to position the company in the higher segment of machining services, offering critical solutions for sectors such as Railways, Defence, Aerospace, and other precision industries worldwide.

The addition of these CNC machines, sourced from a well-known German manufacturer, allows the company to machine parts up to 3 meters long and craft high-precision components from alloys ranging from aluminum to titanium. This will significantly enhance the company’s product portfolio in key sectors.

Initially focused on manufacturing agricultural machinery like tractor trailers and ploughs, Balu Forge Industries now provides job work for ancillary units in the auto industry.