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.
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.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.