Bharat Forge gains on new order worth Rs 22.51 bn

Bharat Forge gained on Wednesday after Alstom Bharat Forge Power said it has received an order for supply and commissioning of three 660 MW coal-fired, supercritical turbine generator islands (TGI) worth Rs 22.51 billion from NTPC. Alstom Bharat Forge Power is a power equipment manufacturing joint-venture between Bharat Forge and Alstom Power Holdings.

Shares ofthe companyare trading at Rs 220.35, up Rs 3.1, or 1.43% at the Bombay Stock Exchange (BSE) on Wednesday at 9:37 a.m.The scrip has touched an intra-day high of Rs 221.90 and low of Rs 218.80. The total volume of shares traded at the BSE is 9,063.In the earlier session, the shares lost 2.97%, or Rs 6.65, at Rs 217.25. Currently, the stock is trading down 36.5% from its 52-week high of Rs 347 and above 5.86% over the 52-week low of Rs 208.15.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 223.75 (6.50) (2.91) 1 Month 255.15 (37.90) (14.85) 3 Months 265.80 (48.55) (18.27) 6 Months 296.50 (79.25) (26.73) 1 Year 313.75 (96.50) (30.76) Note: Based on previous day closing price.