Bharat Forge Approves $64.5 Million Infusion into BFA

Bharat Forge’s stock is in focus after the company announced approval to inject $64.50 million into its subsidiary, Bharat Forge America (BFA). The company’s Investment Committee made the decision during a meeting held on December 23, 2024.

Fund Allocation

Out of the total investment, $19.50 million will remain with BFA. BFA will invest another $30 million in Bharat Forge Aluminum USA, a subsidiary of BFA, and $15 million in Bharat Forge PMT Technologie, another subsidiary. These entities will use the funds to repay outstanding borrowings.

Stock Performance

Bharat Forge share price is currently trading at ₹1,312.70, up by ₹13.50 or 1.04% today. Over the past 5 days, the stock has decreased by ₹17.30, or 1.30%. In the past month, it has dropped by ₹6.85, or 0.52%. Over the last 6 months, the stock has seen a significant decline of ₹430.40, or 24.69%. However, the stock has performed better over the long term, gaining ₹85.75, or 6.99%, over the past year. Looking at a 5-year period, Bharat Forge has delivered an impressive return of ₹823.95, reflecting a 168.58% increase.

About Bharat Forge

Bharat Forge is involved in producing and selling forged and machined components for the automotive and industrial sectors.

Bharat Forge share price is up by ₹15.80 or 1.22% as of 10:36 AM on December 24, 2024. The stock opened at ₹1,301.00, reached a high of ₹1,316.70, and a low of ₹1,293.90 during the day. 

With a market capitalisation of ₹62.87K crore, Bharat Forge has a price-to-earnings (P/E) ratio of 64.66 and a dividend yield of 0.68%. The company’s 52-week high stands at ₹1,804.50, while the 52-week low is ₹1,063.00. 

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