By: Kiran Shroff
On Thursday, shares of Balu Forge Industries Ltd (BFIL) jumped 4.72 per cent to Rs 749.65 per share from its previous closing of Rs 715.85 per share. The stock gave multibagger returns of 385 per cent from its 52-week low is Rs 154.55 per share.The company announced that a Memorandum of Understanding (MOU) is entered into between Balu Forge Industries Limited (BFIL) and Swan Energy Limited (SEL) to establish a Special Purpose Vehicle ("SPV") for the purpose of exploring...