Latest news with #AAROKUAV
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Business Standard
7 hours ago
- Business
- Business Standard
Bharat Forge rises 2% on inking MoU with French company Turgis Gaillard
Bharat Forge share price rose 1.9 per cent in trade on Wednesday, June 18, 2025, logging an intraday high at ₹1,325.05 per share on BSE. At 10 AM, Bharat Forge shares were trading 0.82 per cent higher at ₹1,310.4 per share on the BSE. In comparison, the BSE Sensex was up 0.16 per cent at 81,715.98. The company's market capitalisation stood at ₹62,648.73 crore. Its 52-week high was at ₹1,826.2 per share and 52-week low was at ₹919.1 per share. Why are Bharat Forge shares buzzing in trade? The buying on the counter came after the company inked a memorandum of understanding (MoU) with French company Turgis Gaillard to offer AAROK UAV in alignment with the Indian Ministry of Defence. What is AAROK UAV? AAROK is a MALE-class UAV developed to offer the best available technology at the lowest acquisition and deployment cost. Flying at high altitudes and for long periods, it performs long-range surveillance missions. Its electromagnetic sensors and radar enable it to monitor the enemy while remaining stand from the threats. AAROK is permanently connected to command and control systems and other military assets, transmitting the information needed to establish an up-to-date tactical situation. With a payload of over 1.5 tonnes of weapons fired from a safe distance, AAROK also makes a decisive contribution to supporting multi-domain operations by striking far behind enemy lines, disrupting enemy defences and neutralising their surface-to-air defence systems. According to the filing, flying for more than 24 hours, AAROK will reinforce India's assertion of sovereignty over its territorial waters by detecting incursions and monitoring ongoing activities. About Bharat Forge Bharat Forge, a Pune-based Indian multinational, is a technology-driven global leader in providing high performance, innovative safety critical components, and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with a presence across five countries, with the largest repository of metallurgical knowledge, and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation.
Business Upturn
10 hours ago
- Business
- Business Upturn
Top Stocks in focus on June 18: Polycab, ONGC, Vedanta, Bharat Forge, GMR Airports, and more
By Aditya Bhagchandani Published on June 18, 2025, 08:18 IST Indian stock markets are expected to see sector-specific and stock-specific moves on Wednesday, June 18, 2025, as major corporate developments, government project awards, and geopolitical shifts drive investor sentiment. Here are the key stocks to watch: ONGC / Oil India: Crude oil prices rose above $76 per barrel amid rising tensions in West Asia, with Brent hitting its highest level since February 2025. This is expected to support upstream oil producers such as ONGC and Oil India. Mahindra & Mahindra: The Competition Commission of India (CCI) granted unconditional approval to M&M for acquiring SML Isuzu and launching an open offer. This enhances M&M's commercial vehicle footprint. Vedanta: While the sale of up to 1.60% stake in Hindustan Zinc (HZL) via block deals could be seen as neutral overall, the proceeds will support Vedanta's liquidity position, which is positive. The floor price is set at a 7% discount to CMP. Polycab India: The company signed a massive Rs 6,447.54 crore agreement with BSNL for the BharatNet broadband connectivity programme, expected to significantly boost revenue visibility. RailTel: The company received a Letter of Intent from Zoram Electronics Development Corporation for a project worth Rs 44 crore, reinforcing its strong order pipeline. Bharat Forge: The company signed an MoU with France's Turgis Gaillard to offer the AAROK UAV to India's Ministry of Defence, strengthening its defense manufacturing footprint. Delhivery: CCI has approved the company's acquisition of up to Rs 1,407 crore stake in Ecom Express, supporting Delhivery's logistics expansion goals. DCX Systems: The company has bagged fresh orders worth Rs 28.6 crore from overseas and domestic customers, indicating continued business momentum. EMS Ltd: The company has been declared the lowest bidder for a sewerage project worth Rs 184 crore by UP Jal Nigam, enhancing its infrastructure order book. UGRO Capital: UGRO will acquire 100% stake in SME lending firm Profectus Capital for Rs 1,398.6 crore, signaling aggressive growth in SME financing. GMR Airports: Passenger traffic rose 0.8% YoY in May 2025, with aircraft movement up 6.3%, indicating a steady rebound in air travel. Oil Marketing Companies / Paint Stocks: Rising Brent crude prices may put pressure on margins for OMCs like BPCL, HPCL, and IOC, as well as paint companies such as Asian Paints and Berger Paints due to higher input costs. Hindustan Zinc: Parent company Vedanta is likely to sell up to 1.60% of its equity stake via block deals at a discount of nearly 7% to CMP, which may put near-term pressure on the stock price. Additional Notable Mentions SRF Ltd : CGST & Central Excise (Appeal), Vadodara, set aside a demand and penalty of Rs 85.23 crore—removing a regulatory burden. PNB : The bank completed the sale of its 20.9% stake in India SME Asset Reconstruction Co. for Rs 34 crore. Electrosteel Castings : Announced maintenance shutdown at its Khardah MBF facility for 10–12 days starting June 18. DMart : Opened a new store in Agra, raising total store count to 421. Awfis Space : QRG Investments sold 4 lakh shares at Rs 685/share in a block deal. Dividend ex-dates for June 18 : Reliance Industrial Infra: Rs 3.5/share Panasonic Carbon: Rs 12/share Tata Communications: Rs 25/share Tejas Networks: Rs 2.5/share Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
