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Bharat Forge shares hit a new record high. The company’s shares have hit all-time highs. Shares of Bharat Forge rose 3% to Rs. 1,056 has happened. The rise in the company’s shares has come after the announcement of Kalyani Rafale Advanced Systems. Kalyani Rafale Advance Systems has informed that it has received Rs. 287.51 crore order received. Bharat Forge shares hit 52-week low of Rs. is 677.85.
This order has been received from the Ministry of Defence
Kalyani Rafale Advanced Systems is a joint venture between Kalyani Strategic Systems, a subsidiary of Bharat Forge, and Israel’s Rafale Advanced Systems. The company has received this order from the Ministry of Defense to supply missile systems. Last week, the Defense Acquisition Council approved a Rs. Kalyani Rapel has received this order after approving the 7800 crore proposal. The Ministry of Defense says that this step has been taken to strengthen the operational capability of the Indian Armed Forces.
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The company has made a profit of Rs.214 crores.
Bharat Forge has made a profit of Rs 214 crore in the first quarter of the current financial year. The company’s profit has increased by 33.75% compared to the same period last year. The company’s operating profit margin for the June 2023 quarter has been 15 percent. At the same time, the company’s revenue grew nearly 36% year-on-year to Rs 3877 crore. Bharat Forge Limited specializes in the manufacture of forgings for the automotive, industrial and energy sectors.
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