Bharat Forge denies Reuters report on Russia arms JV meetings

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BHARATFORG · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹1387.80

prior close

₹1382.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.9%+0.7% vs market

Auto Components & Equipments peers, median of 111sector-0.9%+0.7% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.7 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

+0.5

Sessions after the filingfrom the prior close

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Reaction day

-0.2-0.9+0.7-0.9+0.7

Next day

+1.5-0.1+1.5+0.0+1.5

+2.9+1.1+1.8+0.1+2.8

+2.1+1.0+1.1+0.4+1.7

+1.6+0.3+1.3-0.3+1.9

+1.5-0.3+1.8-0.7+2.2

+3.9+1.1+2.8-0.1+4.0

15d

+5.6+2.1+3.5+1.3+4.4

+4.7+0.2+4.5-1.9+6.6

+16.4+2.0+14.3+0.7+15.6

+32.9-3.8+36.7-9.2+42.1

UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 111Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bharat Forge clarified to exchanges that it rejects a news article by Reuters claiming its representatives attended meetings in Russia about potential arms joint ventures. The company stated no individual from Bharat Forge or any Kalyani group company has travelled to Russia since 2021. It urged media and stakeholders to avoid speculative content based on unverified sources.

Likely market impact

Denial counters speculative report; clears uncertainty over alleged Russia JV talks. Watch for any further media or exchange follow-up.