20/6/2024, 5:43:03 pm

Bharat Forge boosts Kalyani Group’s market cap past ₹1 lakh crore

Bharat Forge's shares surged 5% to a record high of ₹1800.70, with a market capitalization of ₹83,000 crore, contributing to the Kalyani Group's market capitalization of ₹1.02 lakh crore. The company's defence business generated ₹1,561 crore in FY24, with exports contributing 80% of revenue. Bharat Forge's net profit grew 80% to ₹951 crore, with revenues increasing 21.5% to ₹15,682 crore.