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Bharat Forge Jumps 5% On Plans Of 950-Acre Defence Hub For Missiles, Space Launch Vehicles

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Bharat Forge Jumps 5% On Plans Of 950-Acre Defence Hub For Missiles, Space Launch Vehicles


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Shares of Bharat Forge surged over 5 per cent on September 8, emerging among the top F&O gainers; Know details

Bharat Forge Shares

Bharat Forge Shares

Bharat Forge Share Price: Shares of Bharat Forge surged over 5 per cent on September 8, emerging among the top F&O gainers, as investors cheered its subsidiary’s plan to acquire a 950-acre land parcel in Andhra Pradesh to set up a large defence manufacturing complex.

The step-down subsidiary, Agneyastra Energetics, held through Kalyani Strategic Systems (KSSL) – a wholly owned arm of Bharat Forge – will purchase nearly 949.65 acres in Madakasira, Anantapur district. The complex will host an end-to-end defence energetics facility, including a high explosives manufacturing plant, ammunition filling plant, gun propellant unit, and provisions for expansion into energetics for rockets, missile systems, and space launch vehicles, the company said in an exchange filing on September 4.

India is targeting defence production of Rs 3 lakh crore and exports worth Rs 50,000 crore by 2029, with Bharat Forge positioning itself as a key private-sector partner. In FY25, the company secured its largest-ever defence order worth nearly Rs 4,000 crore to supply 184 ATAGS platforms — a milestone it described as a “big moment for the private defence industry.”

KSSL has also acquired a 25 percent stake in Italian design firm EdgeLab, which specialises in autonomous underwater vehicles, while a new 4 lakh sq. ft. manufacturing facility near Pune is expected to begin operations in H1FY26.

In Q1FY26, Bharat Forge reported consolidated revenue of Rs 4,158 crore, up 12 percent year-on-year, led by growth in both the defence and industrial segments. Net profit stood at Rs 416 crore, rising 15 percent year-on-year, while EBITDA came in at Rs 728 crore with a margin of 17.5 percent. The company highlighted that defence, aerospace, and EV components contributed strongly to the performance.

Looking ahead, management flagged Q2FY26 as “a little weaker” due to softer US exports but maintained that the second half would outperform the first.

“In aerospace, we will have strong growth this year. On a year-on-year basis, we should see upwards of 20 percent growth, maybe even higher,” Joint MD Amit Kalyani said during the June quarter earnings call.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

News business markets Bharat Forge Jumps 5% On Plans Of 950-Acre Defence Hub For Missiles, Space Launch Vehicles
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Sensex Settles 76 Points Higher, Nifty Above 24,750; Tata Motors, M&M Jump 4% Each

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Sensex Settles 76 Points Higher, Nifty Above 24,750; Tata Motors, M&M Jump 4% Each


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Stock Market Updates Today: Indian stock markets were trading higher at open today

Sensex Today

Sensex Today

Sensex Today: Indian equity benchmarks pared most of their early gains but still closed in the green on Monday. The BSE Sensex, after touching an intra-day high of 81,171.38, ended at 80,787.30, up 76.54 points or 0.09%. The NSE Nifty50 settled at 24,773.15, higher by 32.15 points or 0.13%, after moving between 24,885.50 and 24,751.55 during the session.

In the broader market, the Nifty Midcap 100 and Nifty Smallcap 100 indices gained 0.50% and 0.16%, respectively.

Auto stocks were the clear outperformers, with the Nifty Auto index advancing 3.30%, led by Bharat Forge, Ashok Leyland, Motherson Sumi, and Tata Motors. In contrast, the Nifty IT index slipped 0.94%, with Persistent Systems, LTIMindtree, and Tech Mahindra among the key laggards.

The market breadth tilted positive, with 1,749 out of 3,144 stocks on the NSE ending higher, while 1,285 declined and 110 remained unchanged.

A total of 114 stocks hit their 52-week highs, while 50 stocks touched fresh 52-week lows during the session.

The combined market capitalisation of NSE-listed companies stood at $5.07 trillion at the close of trade.

Global Cues

Asian markets opened higher on Monday as investors awaited Japan’s final April–June GDP growth figures and China’s August trade data due later in the day. Market participants are also digesting the resignation of Japan’s Prime Minister Shigeru Ishiba announced over the weekend. At last check, Japan’s Nikkei 225 gained 1.7 percent, while South Korea’s KOSPI rose 0.21 percent.

On Wall Street, US equities ended lower on Friday, September 8, as a weaker-than-expected jobs report raised concerns about the pace of the economic recovery. The S&P 500 fell 0.32 percent, the Dow Jones Industrial Average declined 0.48 percent, while the Nasdaq Composite slipped 0.03 percent.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

News business markets Sensex Settles 76 Points Higher, Nifty Above 24,750; Tata Motors, M&M Jump 4% Each
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

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PSX hits record high as share prices surge – SUCH TV

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PSX hits record high as share prices surge – SUCH TV



Share prices soared on Monday as the Pakistan Stock Exchange (PSX) saw strong buying activity on the first day of the new business week, pushing the benchmark KSE-100 index past the 155,000 mark amid positive economic indicators.

During intraday trading, the KSE-100 index gained 1,610.82 points (1.03%), closing at an all-time high of 155,888.01 points.

This marked the seventh consecutive bullish day, reflecting investor confidence in government policies.

The upward trend has largely offset concerns over economic risks stemming from ongoing devastating floods that have damaged farmlands.

A total of 448 companies transacted shares, with 254 posting gains, 175 recording losses, and 19 remaining unchanged.

On the previous Friday, the index had also gained 1,611.47 points (1.06%), closing at 154,277.19 points.

Trading volumes rose, with 1.078 billion shares exchanged, compared to 954 million the prior day.

Total market turnover reached Rs59.949 billion, up from Rs46.053 billion, as 479 companies participated in trading, 239 gaining, 210 losing, and 30 remaining unchanged.

The three top trading companies were Bank of Punjab with 146,093,956 shares at Rs 19.69 per share, F. Nat.

Equities with 55,753,605 shares at Rs7.74 per share and Fauji Foods Limited with 50,935,429 shares at Rs18.72 per share.

Sitara Chemical Industries Limited witnessed a maximum increase of Rs 79.77 per share price, closing at Rs 877.47, whereas the runner-up was Siemens (Pakistan) Engineering with Rs50.17 rise in its per share price to Rs1,603.17.

PIA Holding Company LimitedB witnessed a maximum decrease of Rs 834.67 per share, closing at Rs25,506.00 followed by Hoechst Pakistan Limited with Rs96.79 decline in its share price to close at Rs4,004.48.

Meanwhile, in the future market, as many as 316 companies traded shares in the market out of which 181 witnessed gains, 133 loss where the prices of 2 companies remained unchanged.

 



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Gold price prediction: What’s the gold rate outlook for September 8, 2025 week – should you buy or sell? – The Times of India

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Gold price prediction: What’s the gold rate outlook for September 8, 2025 week – should you buy or sell? – The Times of India


Gold is likely to remain well-supported unless inflation data drastically changes the outlook. (AI image)

Gold price prediction today: Gold prices are likely to remain well supported in the near-term, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd. He shares the outlook on gold prices and strategy for gold investors:Gold prices surged to record highs on both Comex and the domestic front last week, while silver also hit new domestic peaks and touched its highest level on Comex since 2011, driven by safe-haven demand amid escalating geopolitical tensions and growing expectations of a US Federal Reserve rate cut. Investor sentiment was further bolstered by weak US labor market data, including a sharp slowdown in non-farm payrolls, which rose by just 22,000 in August against expectations of 75,000, and a rise in the unemployment rate to a near four-year high of 4.3%.These developments have solidified expectations for a 25-bps rate cut at the Fed’s upcoming September meeting, with markets now pricing in a nearly 100% probability and even starting to discount a 10% chance of a larger 50-bps cut. Central bank buying added further support, with China increasing its gold reserves for the 10th straight month and Poland proposing to raise its reserve target from 20% to 30%.ETF inflows into gold hit their highest since June 2023, and speculators increased net long positions by over 20,000 contracts. Despite some profit booking, gold held firm near the key $3,600 level and is on track for its best week in three months.This week, all eyes are on the upcoming US inflation data—Consumer Price Index (CPI) and Producer Price Index (PPI)—scheduled just days ahead of the critical Federal Reserve meeting. These data points will be key in confirming whether inflationary pressures are easing enough to warrant the expected 25 or more rate cut. A softer-than-expected inflation data could further weigh on the Dollar index, which has already been under pressure, and further support the bullion rally.Conversely, if inflation surprises to the upside, it may complicate the Fed’s decision for additional rate cuts ahead and influence Governor Powell’s speech at the meet, potentially capping some gains for gold and Silver. However, with labor market data already showing clear signs of cooling and market participants fully pricing in a cut, gold is likely to remain well-supported unless inflation data drastically changes the outlook.Stance: Buy on Dips.Supports and Resistances: 1,06,000 to 1,04,000 – 1,08,000 to 1,10,000(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)





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