One of the most phenomenal turnaround stocks in the country over the last ten years is Balu Forge Industries Ltd. (BFIL), a forgings company that specialises in the production of precision forged auto components. Set up in 1989, BFIL is now among the leaders in industries like automobile, defense, railway and new energy etc. More recently, though, the stock price has reached a record of ₹679. At ₹85 per share, it is
up 129% in three months and over 333% against its 52-week low of ₹154. 55.
This growth is backed up by the acquisition of new forging production lines that have effectively increased the annual production had to 72 000 tons. And yet, with a market capitalisation of over ₹7,000 crore, BFIL is also moving forward in the Industry 4. 0 technologies that has strengthened the offerings of the product segment of the company in the defence, rail ways and aerospace segment in line with the 'Atmanirbhar Bharat Abhiyan'.
Eminent stock market investor Ashish Kacholia has a 4. 15% of stake base which should boast enough confidence for the future of the company. Net sales were up 56% year-on-year to ₹175 for the company. 31 crore and a growth of 105% in the net profit, which was ₹34. The company's operating income increased by 25.96% to Rs.17 crore also in Q1 FY25. It's necessary to closely monitor this small-cap stock although it has previously shown shareholders how to bring in big profits.
*Disclaimer: The information in this article should not be taken as a recommendation to buy or invest in any of the securities referenced herein. * (alert-warning)
