India, Feb. 26 -- During Thursday's trading session, shares of a precision engineering company engaged in the manufacturing of forged and machined components hit an upper circuit on the stock exchanges, after signing a Memorandum of Understanding (MoU) for a large-calibre ammunition supply.

With a market cap of Rs. 5,643.2 crores, shares of Balu Forge Industries Limited hit a 10 percent upper circuit at Rs. 490.75 on BSE, compared to its previous closing price of Rs. 446.15. So far in 2026, the stock has delivered negative returns of around 18 percent, but has gained by over 34 percent in one month.

What's the News: As per the latest disclosures with the stock exchanges, Balu Forge Industries Limited has entered into an MoU for the supp...