Balu Forge Industries Limited (BALUFORGE.NS)
Balu Forge Industries Limited operates in the Manufacturing - Metal Fabrication industry of the Industrials sector, headquartered in Mumbai, MA, IN. The stock last traded at $496.80, up 11.33% on the session, giving a market capitalisation of $57.13B. Its beta of 0.50 implies it has historically moved less than the broad market.
Balu Forge Industries Limited, an enterprise based in Mumbai, India, is engaged in the manufacturing and global distribution of crankshafts, which it supplies directly to Original Equipment Manufacturers (OEMs). Beyond its core crankshaft business, the company provides a comprehensive suite of products, including railway wheels, undercarriages, transmission and clutch systems, chassis, hydraulic motors, brake components, hooks, towing accessories, turbine blades, parts for new-generation vehicles, various forged components, and solutions for the oil and gas and flow control sectors. Its wide-ranging clientele encompasses numerous industries such as agricultural machinery (tractors, harvesters), defense, oil and gas (specifically pump compressors), heavy-duty automotive (trucks, buses, trailers), power generation (industrial, backup, portable generators), industrial refrigeration, railway, aerospace, marine, locomotive, diverse recreational and two-wheeled vehicles (off-road/on-road motorcycles, carts, jet skis), racing, earth-moving equipment, and the rapidly growing e-mobility market.
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