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DefenceHigh impactAfter close

Balu Forge shares rise 4.48% on defence contract

after close1 source ↓written by the desknot a recommendation

to ₹515.85
4.48%
of 155mm ERFB
10,000 units

Balu Forge Industries shares surged 4.48% to ₹515.85 after securing its first purchase order for 10,000 units of 155mm ERFB BB and ERFB BT shells from an Indian ammunition player. The company is expanding its defence manufacturing capabilities and holds NATO certification for select products, enhancing its market position.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Aug 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BALUFORGE closed +5.7% on the day of the news, from ₹513.35 to ₹542.55; Nifty −0.6% over the same session.

Bulletin at 16:05 IST on 17 Aug 2026. Every change is measured from ₹513.35, the last close before it, on 17 Aug. Nifty 50 is measured over the same sessions.

  • BALUFORGE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
BALUFORGE closes around the bulletin against the close before the news, with Nifty 50 rebased to it424.85531.87638.90axis spans 50%before the news · 17 Aug513.35Nifty 50BALUFORGEbulletinD0+1+3+511 Aug21 Aug1 SeptReference close ₹513.35. 16 sessions from 11 Aug to 1 Sept; the price axis spans 50 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Aug₹513.35basebase
On the day18 Aug₹542.55▲ +5.7%▼ −0.6%+6.2 pp difference
+1 session19 Aug₹537.50▲ +4.7%▼ −0.9%+5.6 pp difference
+3 sessions21 Aug₹555.40▲ +8.2%▼ −0.1%+8.3 pp difference
+5 sessions25 Aug₹609.60▲ +18.8%▲ +0.2%+18.6 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.98 on 18 Aug
Day's range, % · ₹
8.1%≈ 42 high to low
Volume on the day
3.36×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · BALUFORGE on the desk →

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