Shares of Balu Forge jump over 2% after stellar quarterly results

Shares of Balu Forge Industries Ltd (BFIL) gained 2.70% to ₹504.95 from its previous closing. The stock’s 52-week high is ₹512.40 and 52-week low is ₹154.55. According to quarterly results, net sales increased by 56% to ₹175.31 crore and net profit skyrocketed by 105% to ₹34.17 crore in Q1FY25 compared to Q1FY24. Ashish Kacholia owns 2.09% stake in the company.