Introduction: Balu Forge Share Price today on 06 September 2023
Balu Forge Share Price | Shares of Balu Forge Industries have earned multibagger returns to their shareholders. On a YTD basis, the shares of Balu Forge Industries Company had increased from Rs.66.50 to Rs.228.70. That means, on YTD basis, the stock of Balu Forge Industries Company has earned 225 percent return to its investors.
Stock market investors are still bullish on this company’s stock. Sixteen Street Investment Firm, a Singapore-based foreign institutional investor, has made a major investment in the stock of Balu Forge Industries. Today, Wednesday, September 6, 2023, shares of Balu Forge Industries Company are trading at Rs 208.50, down 5.38 percent.
According to information available on the official website of BSE, FIIs have made a major investment by buying 2.32 percent share capital of Balu Forge Industries Company. He has bought 25 lakh new shares under a big deal. According to a stock exchange filing, Singapore-based FII Sixteen Street Investing has bought 25 lakh shares of Balu Forge Industries Company at a price of Rs 183.60. That is, they have deposited Rs 45.90 crores to invest in the shares of Balu Forge Company.
Balu Forge Company stock has earned multibagger returns to its investors in the year 2023. Shares of Balu Forge Company were trading at their 52-week high price of Rs.228.70 during yesterday’s trading session. Today, however, a slight profit booking is seen in the stock.
The company’s stock has increased its investors’ money by 25 percent in the past one month. In the last six months, the share price of Balu Forge Industries Company has increased from Rs.86.25 to Rs.228.70. During this period, the company’s shares have earned the public more than 155 percent returns. In the past one year, the multibagger stock of Balu Forge Industries Company has generated more than 290 percent profit for its shareholders.
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