Bharat Forge shares hit record high after Kalyani group firm posts 78% jump in Q4 profit
Bharat Forge Share Price News, Bharat Forge Q4 FY24 Results: Bharat Forge reported a 77.8 per cent year-on-year jump in consolidated net profit to Rs 227.1 crore for the March quarter, sending its shares soaring to a record high.
Bharat Forge Share Price News, Bharat Forge Q4 FY24 Results: Bharat Forge shares clinched a record high on Wednesday after the Pune-headquartered company reported its financial results for the January-March period. The stock of the Kalyani group firm strengthened by as much as Rs 116, or 9.3 per cent, to an all-time high of Rs 1,356.2 apiece on BSE.
At 1:38 pm, the stock held on firmly to the green, up 6.3 per cent for the day at Rs 1,318.2 apiece, trading in high volumes. As many as 1.3 lakh Bharat Forge shares changed hands so far on Wednesday as against a daily average of 51,000 recorded in the past two weeks, according to provisional exchange data.
Bharat Forge registered a consolidated net profit of Rs 227.1 crore for the quarter ended March 31, up 77.8 per cent on a year-on-year basis, according to a regulatory filing.
Its revenue grew 14.7 per cent to Rs 4,164.2 crore for the quarter under review.
Bharat Forge dividend news
Bharat Forge's board recommended a final dividend of Rs 6.5 per share for the financial year 2023-24. Read more on Bharat Forge dividend
(This story will be updated shortly)
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