According to exchange data, FIIs have increased their stake. They have bought more than 2 percent in the September 2024 quarter as compared to the June 2024 quarter. FIIs' stake has increased from 8.32 percent in Q1 to 10.43 percent. Whereas, a year ago this stake was 6.48 percent.

Now the news has come that the company has given information about the expansion on the exchange.  Update In the exchange filing after the market opened, the company said that 7 axis CNC is going to increase the machining capacity.

7 axis CNC will increase the machining capacity. The rated machining capacity is 32,000 tonnes. The company said that the machining capacity has not been announced yet. The company wants to complete the proposed machining capacity expansion within FY26. Ashish Kacholia's big stake - His financial career started in the 1990s. Before founding Lucky Securities in 1995, he worked in firms like Prime Securities and Edelweiss. Ashish Kacholia has 1990500 shares. The stake was 1.82 percent. According to exchange data, in the last quarter ended June 30, Kacholia held 21,90,500 shares of the company or 2.14 percent of the total outstanding shares. The name of the company is Balu Forge Industries Ltd. The company has told the exchange that it aims to expand its product portfolio in key sectors such as aerospace, defense, railways and oil and gas. Balu Forge Industries Limited (BFIL) is a precision engineering and manufacturing company. Its business is mainly of crankshafts and forged components. This company serves industries such as automobile, defense, railways, and new energy sector.