Last Updated:September 08, 2025, 13:10 IST

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 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.

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

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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)

NEW DELHI: Air India chief Campbell Wilson has told employees that there is nothing alarming about the go-around and flights returning to the bay in context of the carrier’s “scale and size” and said that the “the incidence rate is entirely normal”.“Over the past few months, our operations have garnered significant attention… Like all airlines, we face a variety of operational scenarios – some of which are under our control, and some that are not. When the spotlight is on us, it’s crucial to offer timely, clear and accurate information and the right context. So over recent weeks we have been even more transparent than usual in reporting incidents and events, however small,” the Air India MD & CEO said.AI hopes this “transparency will, over time, help build trust”. But “in the short term though, it naturally results in an uptick of news coverage, and with more than 1,200 departures every single day – nearly one every minute – across the Air India Group, it can seem like a lot. In context of our scale and size, however, the incidence rate is entirely normal,” he said.Tatas had acquired AI along with AI Express in Jan 2022 and returning the Maharaja’s lost glory is among the toughest challenges in contemporary aviation. So over three-and-a-half years after the return to founder Tata fold, AI is still tackling multiple challenges. The DGCA has fined AI on multiple occasions over violations.To be fair, AI is not the only airline that has faced DGCA ire over alleged deficiencies and also every carrier faces the same from time to time. But AI Group and IndiGo are seen as key to India’s dream of becoming an aviation superpower as that requires strong home airlines.After the Ahmedabad crash, in which 260 people died, AI has downsized its operations after June 12 for factoring in things like enhanced aircraft checks and plans to restore all international flights from next month. On his part, Campbell Wilson said in his message to employees that “our performance continues to improve thanks to the collective efforts across the organisation.” These, according to him, include improved on time performance and baggage handling.“We’ve empowered our front-line teams with the ability to offer e-vouchers to customers in cases where a service shortfall has occurred, such as for mishandled baggage, and are also working to extend this capability to our cabin crew, enabling them to provide on-the-spot resolution to customers during their journey,” he said.