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Balu Forge rises 13% after income tax search finds nothing
short by / on Tuesday, 13 January, 2026
Balu Forge jumped over 13% after the company announced that the income tax search at some of its offices and manufacturing units, which began on January 7, concluded on January 13. No incriminating documents were found or seized. The company reported that operations continued as normal, with no impact on its finances.
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