Share Market News: Balu Forge Industries Shares Reach New Heights
Stock Performance Overview
Balu Forge Industries shares have hit a fresh 52-week high of Rs 679.95 on the BSE, marking a significant surge of 5% from the previous close of Rs 648.60.
- The stock has shown a remarkable performance, gaining 64% in the last month.
- Year-to-date, the shares have impressively risen by 186%.
Balu Forge Q1 Results
In its latest quarterly earnings report, Balu Forge announced a surprising growth in net profit to Rs 34.16 crore, up from Rs 16.67 crore in the same quarter last year.
- This growth can be attributed to an increase in revenue, underscoring the firm’s robust performance.
- Balu Forge currently has a market capitalization of Rs 6945 crore and a 52-week low of Rs 154.55.
Future Production Capacity
The company plans to enhance its production with the addition of 14,000 TPA of specialized capacity, expected to be operational by Q2FY25. This will increase its total capacity to approximately 32,000 TPA.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.