Ashish Kacholia-backed Balu Forge shares bounce back 13% after sharp YTD fall

January 13, 2026

Balu Forge Industries shares surged up to 13% intraday after the company clarified that a recent Income Tax Department search concluded without finding any incriminating documents or unaccounted assets. The company confirmed no impact on business operations, providing relief to investors, including ace investor Ashish Kacholia.

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