Balu Forge shares tumbled sharply on Wednesday, extending a challenging streak for the stock. Investors witnessed intense selling pressure as the counter slipped further, marking the sixth consecutive session of decline.
Trading volumes surged significantly, reflecting heightened market activity around the stock. On NSE, approximately 50.66 lakh shares exchanged hands, generating a turnover of around ₹248.59 crore. Meanwhile, BSE saw 10.20 lakh shares traded by mid-afternoon, far surpassing its two-week average of 18,000 shares.
Despite the sharp fall, there were no immediate fundamental triggers behind the dip, indicating that the movement was largely driven by market dynamics and heightened trading activity.
Market Performance Snapshot
- Stock: Balu Forge
- Recent NSE Movement: Fell as much as 11% to ₹521
- Volume on NSE: 50.66 lakh shares
- Volume on BSE: 10.20 lakh shares
- 52-Week High: ₹784 (June 12, 2025)
- 52-Week Low: ₹429 (March 3, 2025)
The stock’s near-term performance has been under pressure, with a 13.48% decline in the last five sessions and a 12% fall over the past month. Looking at the bigger picture, Balu Forge has shed 24% in six months and 31% over the past year.
Balu Forge Recent Developments
Balu Forge made headlines recently with a key milestone in its operations. In December 2025, the company began operations at its greenfield facility in Belgaum, Karnataka, launching a fully indigenously developed empty shell production line.
Highlights of the facility:
- Annual capacity of 360,000 large-calibre ammunition shells
- Advanced forging and machining technologies for defence-grade projectiles
- Production focus initially on 155 mm shells, with future capability for 120 mm, 105 mm, and 81 mm variants
- Nearly fully automated system powered by FANUC Robotics, functioning as an unmanned line with a 55-second cycle time
- Developed with inputs from 18 machinery manufacturers, showcasing a 100% home-grown system
Trimaan Chandock, Executive Director at Balu Forge, highlighted that this production line marks a new category for the company, reflecting its focus on precision engineering and large-calibre ammunition.
This step not only strengthens Balu Forge’s capabilities in defence manufacturing but also aligns with the company’s broader plans to expand its precision engineering footprint in Belgaum.
Ashish Kacholia’s Stake in Balu Forge
According to the latest BSE shareholding data, ace investor Ashish Kacholia holds 1.64%, totaling 18,65,933 shares in Balu Forge as of September 2025. This represents a reduction from over 2% held in June 2024, indicating a strategic trimming of his portfolio in the stock.
Balu Forge Share Price Trend
The stock’s trajectory over recent periods shows consistent pressure:
- Past 5 sessions: Down 13.48%
- Past 1 month: Down 12%
- Past 6 months: Down 24%
- Past 1 year: Down 31%
The 52-week range for Balu Forge remains ₹429 to ₹784, reflecting significant volatility throughout the year.
Summary
Balu Forge shares faced steep declines on Wednesday, driven by heavy trading volumes on both NSE and BSE. While no immediate fundamental news triggered the sell-off, the stock has been under pressure for the past month and beyond.
The company continues to make strategic moves in its operations, notably with the Belgaum greenfield facility for indigenously developed large-calibre shells, underscoring its focus on precision engineering and defence manufacturing.
Investors are watching volume trends and operational developments closely as the stock navigates a challenging market landscape.
Source: Livemint
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