Bharat Forge gains 2% on healthy medium term growth prospects

Shares of Bharat Forge were up 2 per cent to Rs 872.50 apiece in Monday’s intra-day trade, in an otherwise range-bound market. The spike comes after the management re-iterated healthy medium term revenue prospects, supported by growth in defense, aerospace, e-mobility, and aluminum segments.

The stock of casting & forging company traded close to its record high level of Rs 896.40, which it had touched on November 11, 2022. In the past six months, it rallied 30 per cent, as against 14.4 per cent rise in the S&P BSE Sensex. However, it declined 2 per cent in a month,