New Delhi: The stock market has been witnessing a continuous rise for the last four days. But today's trading is witnessing huge fluctuations. Sensex and Nifty were trading with a decline in the early trade, but the market has followed suit in the afternoon session. At 2:15 pm, Nifty was trading at the level of 24,754, up 287 points or 1.17%, while Sensex was trading at the level of 81,927, up 970 points or 1.19%.

5% rise in sand forge industry

Meanwhile, shares of Balu Forge Industries Ltd, a company invested by star investor Ashish Kacholia, have seen a good rise. Its shares have made an intraday high of Rs 788 today with a jump of 6 percent, while on Wednesday it closed at Rs 741.20. This stock has given multi-bagger returns to its investors in the last 6 months despite the fall in the market.
 

FIIs increased stake

In the last quarter i.e. September 2024, Foreign Institutional Investors (FIIs) had increased their stake in this stock. After that, the share of FIIs in the Balu Forge Industry increased to 10.9%, which is equivalent to more than 27 lakh shares. At the same time, the country's veteran investor Ashish Kacholia has 20 lakh shares in this company, which is equivalent to a 1.8 percent stake.
 

Over 195% return in 6 months

Let us tell you that the shares of Balu Forge Industries Ltd have gained 8 percent in the last one month, while investors have become rich in 6 months. During this period, investors have got a return of more than 195 percent, which defines the confidence of investors in this stock. At the same time, the Balu Forge Industry has made a profit of more than 180 percent in a period of one year.