Bharat Forge forges ahead on stock split news
DALAL STREET SPIKES
| Dealing room sources said that there were renewed buying interest at the counter following the announcement of a stock split. A dealer opined that the stock spilt will further increase the scope of liquidity at the counter. |
| The announcement of hiking the FII limit to 40 per cent also added fuel to Wednesday's rally. Bharat Forge also announced of raising up to $300 million to meet company's long terms financing requirements. |
| The company plans to sub-divide equity shares of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each. |