Bharat Forge surges on better Q3 numbers

DALAL STREET SPIKES

In a subdued market, Bharat Forge gained 4.55 per cent on strong Q3 numbers. The stock of forging major hit an intra-day high of Rs 1,116 before closing at Rs 1,110.10.

A CEO with a domestic mutual fund said, investors are expected to be stock specific and will focus on strong performance for value picks.

Bharat Forge has been on a dream run of late on back of strong performance and an increase in capacities and exports. In Monday's trading, more than 16,481 shares changed hands on BSE.

Bharat Forge had recently acquired 100 per cent ownership interest in German company CDP Aluminiumtechnik GmbH & Co KG (CDP AT) in an all cash deal.

This is Bharat Forge's second acquisition in Germany since it took over the German operations of Carl Dan Peddinghaus GmbH & Co KG last year.