Sona BLW Precision Forgings Ltd (Sona Comstar) soared 9.12 per cent to Rs 544.95. Bharat Forge Ltd rallied 9.42 per cent to Rs 1,579.90. Suprajit Engineering advanced 6.76 per cent to Rs 473.10.
Bharat Forge shares rose 3.65% to Rs 1428.75 in the current session against the previous close of Rs 1376.80. Market cap of the firm stood at Rs 68,149 crore.
In a regulatory filing, Bharat Forge revealed that it has signed its largest small arms contract with the MoD. The contract entails the supply of 255,128 close quarter battle (CQB) carbines (5.56 x 45 mm) to the Indian Army.
A contract worth Rs 2,770 crore has been signed for over 4.25 lakh CQB Carbines, along with accessories, for the Indian Army and Navy. The deal has been awarded to Bharat Forge Ltd and PLR Systems Pvt Ltd.
Kotak finds valuations expensive, as it retained 'Sell' call on Bharat Forge and SAMIL and 'Reduce' rating on Sona BLW Precision.
Bharat Forge stock was trading on a flat note at Rs 1391.05 in the current session.
Nuvama said the global auto industry was likely to end 2025 on a weak note, although commentary from major OEMs indicated signs of improvement across most segments in 2026.
Bharat Forge stock ended 1.5% higher at Rs 1296.60 on BSE. Market cap of the firm stood at Rs 61,988 crore.
According to the brokerage, the management has indicated that the third quarter is expected to remain subdued, with recovery likely from the fourth quarter.
Axis Securities said that Bharat Forge has confirmed an 'inverted head & shoulder' pattern breakout at Rs 1,277 levels on a closing basis on the daily charts.
In its response, the private defence player said, "BFL had bid for Indian Army's Close Quarters Battle Carbine (CQB Carbine) requirement for supply of 4,25,000 (quantity) CQB Carbines."
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