Over 200% return in 1 year: Multibagger stock surges 7% ahead of listing on NSE next week

Balu Forge shares surged around 7 per cent on Friday after the company informed exchanges that its shares will be available for trading on the NSE from next week.

Shares of Balu Forge opened gap up at Rs 280 apiece on the BSE and went on to touch an intraday high of Rs 289.65 apiece, recording an intraday high of nearly 7 per cent from the previous close of Rs 272.95 per share.

The shares of Balu Forge, which has a market cap of Rs 2,990, have a 52-week high of Rs 301 and a 52-week low of Rs 92. 

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 on one year, zooming a whopping 203 per cent.

Meanwhile, the company informed exchanges that its shares will also be available for trade on the main board of the National Stock Exchange.

“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.