This forging company's stock maintains upward momentum even as Sensex, Nifty crash over 1%

On a day when the Indian benchmark indices tanked over 1 per cent, shares of forging and casting company Balu Forge continued their upward momentum. The stock has been gaining for the last three days and has risen 4.87 per cent in the period. The counter opened in the red at Rs 632.40 against the previous close of Rs 637.65. However, it rebounded and touched the intraday high of Rs 652.90 - a gain of 2.39 per cent from the previous close. Last seen, the counter traded in green at Rs 639.05. Similarly, the stock started the session at Rs 637.05 on the NSE against the previous close of Rs 638. It rebounded later and touched a high of Rs 653. 

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