1 week Ago
Shares of Bharat Forge are likely to remain in focus today after the company announced it will infuse $64.50 million into Bharat Forge America (BFA), its wholly owned subsidiary. “In furtherance of the powers delegated by the Board of the Company, the Investment Committee (Strategic Business) of the Company, at its meeting held on December 23, 2024, approved the infusion of $64.
50 million by Bharat Forge Limited into BFA,” the company said in its filing to the stock exchange. Out of the total fund infusion, $19.50 million will be retained by BFA, $30 million will be invested by BFA into Bharat Forge Aluminum USA , a wholly owned subsidiary of BFA, and the remaining $15 million will be invested by BFA into Bharat Forge PMT Technologie, another wholly owned subsidiary of BFA.
The entire infused amount will be utilized for the repayment/pre-payment of certain outstanding borrowings by the respective entities, the company stated. Also read: Coforge, Cigniti forge ahead with proposed merger Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading RSI Trading Techniques: Mastering the RSI Indicator By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Ichimoku Trading Unlocked: Expert Analysis and Strategy By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program The shares of Bharat Forge have increased by 7.9% in the last year and by nearly 4% in the current calendar year so far. However, in the shorter term, the stock has given negative returns, decreasing by 26% in the last 6 months and by 18.
11% in the last 3 months. On the charts, Bharat Forge shares are oscillating near the 39 mark on the relative strength indicator (RSI), which is slightly above the oversold territory. Bharat Forge shares closed 1.
3% higher at Rs 1,296.40 on the BSE on Monday. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of Economic Times.
) ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our ETMarkets WhatsApp channel ).
