Bharat Forge stock in focus after co approves $64.50 mn infusion in BFA

Bharat Forge sharesBharat Forge announced a $64.50 million infusion into its wholly owned subsidiary, Bharat Forge America (BFA). The funds will be used for BFA's internal investments and the repayment of outstanding borrowings. Despite a 7.9% annual rise, Bharat Forge shares have fallen 26% in the last six months, closing 1.3% higher at Rs 1,296.40 on Monday.