The company said that the listing of BFIL’s Equity shares on NSE will ensure consistency and transparency which will likelyenhance investor’s confidence and visibility.
Share Market News: Shares of Balu Forge Industries Ltd (BFIL) surged as much as 7 per cent on Thursday after the company informed exchanges that its shares would be listed on the National Stock Exchange of India Limited. The counter opened at Rs 280 and went on to hit the day’s high of Rs 296, a surge of around 7 per cent from the previous close of Rs 272.95.
“We are pleased to inform that our Company’s shares will also be listed/traded on the main board of NSE from 29th of April, 2024, this earmarks one of the credible milestones for BFIL, further this will help grow and strengthen the visibility of BFIL amongst the entire capital market community,” the company said in an exchange filing.
The company said that the listing of BFIL’s Equity shares on NSE will ensure consistency and transparency which will likelyenhance investor’s confidence and visibility.
According to BSE analytics, its shares have climbed 24 per cent in just one week and 51 per cent in one month. Balu Forge shares have more than doubled investors’ money in one year, zooming a whopping 203 per cent.
Meanwhile, Equity benchmark indices climbed in early trade on Friday, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets.
The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40. From the Sensex basket, Tech Mahindra jumped over 12.50 per cent after the IT services company’s CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.