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BHARATFORGNSEBharat Forge Limited· Auto ComponentsHighNeutral
Announced Thu, 12 Feb, 2026 · 13:43 IST

Bharat Forge Limited has informed the Exchange about Amalgamation/Merger

Listed-company acquisitionStrategic Transactions View source PDFExplain this filing

BHARATFORG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+2.5%Reaction day
₹1671.10
prior close
₹1726.00
announcement price
In-mkt
timing
Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.5%+3.0% vs market
Auto Components & Equipments peers, median of 111sector-0.4%+3.0% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Midcap 150 and 3.0 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
5m
+0.3
10m
-0.3
15m
-0.7
30m
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Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+2.5-0.5+3.0-0.4+3.0
Next day
+3.8-2.1+6.0-2.4+6.2
2d
+3.3-1.7+5.1-2.5+5.8
3d
+4.6-1.5+6.1-2.0+6.6
4d
+6.0-0.9+6.9-1.9+7.9
5d
+4.9-2.5+7.3-3.4+8.2
1w
+9.7-2.2+11.9-3.5+13.2
15d
+14.6-5.3+19.9-9.4+24.0
1m
+6.2-7.0+13.3-10.8+17.0
2m
+7.8-5.3+13.1-8.8+16.6
3m
+14.7-1.8+16.5-3.3+18.0
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 reported Q3FY26 consolidated revenue of Rs. 43,429 million, up about 25% year-on-year from Rs. 34,755 million, with consolidated net profit rising roughly 28% to Rs. 2,728 million. Standalone performance was weaker, with revenue at Rs. 20,837 million (down slightly YoY) and profit at Rs. 2,880 million versus Rs. 3,460 million a year ago. The Board declared an interim dividend of Rs. 2 per share (100% on face value of Rs. 2), with a record date of February 18, 2026 and payment by March 12, 2026. It also approved the re-appointment of Executive Directors B.P. Kalyani and S.E. Tandale for a further five years from May 23, 2026, and noted the exit of Sumeet Banga, President and CEO of the Industrial business. Additionally, the Board approved the merger of step-down subsidiary Ferrovia Transrail Solutions (FTSPL) into wholly owned subsidiary BF Infrastructure (BFIL) as part of internal consolidation. The filing also references the earlier AAM India acquisition (now K Drive Mobility Solutions) completed in July 2025 for Rs. 7,474 million and a 23% stake sale in JS Auto to PI Opportunities Fund for around Rs. 3,000 million.

Likely market impact

Shareholders get a 100% interim dividend and a simpler group structure through the FTSPL–BFIL merger, while the strong consolidated growth and weaker standalone numbers suggest subsidiaries are now driving performance, which is broadly positive for the stock but keeps margin and segment-mix trends in focus.