India, Jan. 13 -- The shares of this company engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components are in focus after it made a key announcement regarding its IT search that started on January 7. In this article, we will dive more into the details.

With a market capitalisation of Rs 5,645 crore, the shares of Balu Forge Industries Ltd reached a day's high of Rs 498.95 per share, up 13 percent from its previous day's closing price of Rs 441.30 per share. Over the past five years, the stock has delivered a robust return of 280 percent, outperforming NIFTY 50's return of 79 percent.

Reason behind the rally Balu Forge Industries, though a stock exchange filing, announced that the Income Ta...