News for BALU FORGE INDUSTRIES LIMITED (BALUFORGE.BO)

Markets closed slightly higher after a narrow trading range, with several companies like JSW Energy and ITC Hotels set to announce Q4 results. Tata Power plans a significant capital expenditure, while Eicher Motors reported record quarterly sales. Balu Forge and Brigade Enterprises also saw substantial profit increases, and SBI is considering raising funds.

BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars. Notable laggards included BMW Industries, Triveni Turbine, Orchid Pharma, and Coffee Day Enterprises.

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Five firms, including BSE, Oberoi Realty and Voltas, will be added to the MSCI India Index effective November 25, 2024.

Shares of Balu Forge Industries soared up to 11.37 per cent, hitting their lifetime high at Rs 890 per share on the BSE in Tuesday's intraday trade

In the first 100 days of Modi 3.0, Sensex surged 8.2% with BSE Smallcap up 18%. Top smallcaps like Refex Industries soared 221%. Investors are cautious due to tax hikes and policy risks.

Midcap, smallcap stocks: The market rally in the past few months, including the mid-and small-cap segments, analysts believe, has been on the back of strong inflow from the DIIs

Shares of Balu Forge Industries, backed by investor Ashish Kacholia, have surged over 1300% in the last two years, driven by strong profit growth. The stock, which manufactures crankshafts and forged components, saw profit booking on Monday, falling by 1.5%. Experts suggest monitoring the Rs 740 and Rs 800 levels for future price action.

Smallcap stocks have displayed notable earnings growth as 23 companies, including Shakti Pumps and GE T&D, reported consistent EPS increases over four quarters. The sector's robust performance is expected to continue, driven by telecom, realty, and healthcare, despite high current valuations. Analysts predict strong growth with a CAGR potentially exceeding 20% for FY24-26.

Shares of Balu Forge Industries hit a new high of Rs 679.95 in intra-day trade today. It has zoomed 205 per cent from its June month low of Rs 223 on the BSE.

Shares of Balu Forge Industries hit a new high of Rs 501, surging 7% on the BSE in Tuesday's intra-day trade and rallied 23% in four days. Company to announce Q1 results today.

Shares of Balu Forge Industries hit a new high of Rs 415, surging 9 per cent on the BSE in Thursday's intra-day trade in otherwise a weak market.

Q4 FY2024 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox are among the 97 companies set to announce their financial results for the fourth quarter, which ended on March 31, 2024.

On March 14, smallcaps clocked a smart recovery with the BSE Smallcap index gaining over 3 percent, after losing 12 percent since February 19, when the index peaked out.

The stock fell to the day's low of Rs 430 after hitting a new 52-week high of Rs 459 on Monday. Apart from Kacholia, the Mansukhani family-promoted company allotted shares to RBA & Finance Investment Company and a dozen mutual funds.

Kacolia's investment in La Opala stood at 1.66% in the October-December period versus 1.59% in the preceding quarter. The hike comes despite a strong underperformance by the stock over the last 12 months where the shares of La Opala have witnessed a 7% price erosion.

A total of 14 other stocks delivered 250-300 per cent returns. They included Zen Technologies Ltd, Transformers & Rectifiers (India) Ltd, Newgen Software Technologies Ltd, and Apollo Micro Systems Ltd.

With a surge of 440 per cent, Lloyd Enterprises is the top gainer. Its shares have climbed to Rs 38.46 on November 7 from Rs 7.12 on March 31

Plutus held 2.33 percent stake in Yatharth Hospital as per the shareholding data disclosed by the company last week.