BALUFORGE - Is it time for the Surge? Technically, this is a continuation consolidation. Usually Wave 3 which is about to start is considered to be the longest. So fingers crossed🤞.
Balu Forge Industries Limited is a leading Indian company that manufactures crankshafts and other forged components for various industries. The company was founded in 1989 and has since expanded its operations to become a preferred supplier of crankshafts to OEMs in India and around the world.
The forging industry plays a crucial role in supporting various sectors, including:
Automotive: Forging is used to manufacture critical components such as crankshafts, gears, and axles.
Aerospace: Forging is used to manufacture lightweight, high-strength components for aircraft and spacecraft.
Energy: Forging is used to manufacture components for wind turbines, hydroelectric power plants, and nuclear power plants.
Construction: Forging is used to manufacture components for heavy machinery, such as excavators and bulldozers.
Balu Forge caters to these sectors by manufacturing a range of forged components, including crankshafts, gears, axles, and other critical components.
In terms of market position in India, Balu Forge is a leading player in the forging industry, with a strong presence in the automotive and aerospace sectors. The company has a market capitalization of around ₹8,962 crore.
