Bharat Forge shares jump over 4 pc in afternoon trade

On the NSE, it rose by 4.12 percent to Rs 612.85. In afternoon trade, the benchmark 30-share Sensex was up nearly 180 points at over 49,922 points. Bharat Forge has inked a pact with Paramount Group to manufacture armored vehicles in the country. This collaboration brings together the manufacturing and technology excellence of two leading companies, which have matching synergies and complementary capabilities.

Shares of Bharat Forge rose over 4 percent in afternoon trade on Tuesday after the company inked a pact with global aerospace and technology firm Paramount Group to manufacture armored vehicles in the country.

The stock gained 4.05 percent to Rs 612 apiece on the BSE. On the NSE, it rose by 4.12 percent to Rs 612.85.

In afternoon trade, the benchmark 30-share Sensex was up nearly 180 points at over 49,922 points.

Bharat Forge has inked a pact with Paramount Group to manufacture armored vehicles in the country.

''This collaboration brings together the manufacturing and technology excellence of two leading companies, which have matching synergies and complementary capabilities. The Kalyani M4 is a fantastic new generation vehicle, and we want to position it as the future of protection in all markets worldwide,'' Bharat Forge Deputy Managing Director Amit Kalyani said on Monday.

The Kalyani M4 is a multi-role platform, designed to meet the specific requirements of armed forces for quick mobility in rough terrain and in areas affected by mine and IED threats.