Shares of Bharat Forge spurted 7.13 per cent to Rs 85.6 after the company announced that it will join hands with Areva to manufacture heavy forgings in India for use in the nuclear power sector.
The stock hit an intra-day high of Rs 88.3 and a low of Rs 80 with trading volumes of 2.33 lakh shares, which is at par with its two-week average. The scrip made a 52-week high of Rs 317.85 (May 09, 2008) and a low of Rs 69.15 (January 22, 2009). The stock gained 16.3 per cent in the last one month.