Bharat Forge shares rallied on Friday after its German subsidiary, Bharat Forge Aliminumtechnik GmbH & Co KG (BFAT) has bagged a multi-year contract approximately worth Euro 250 million from a German OEM for supply of suspension components based on unique technology industrialized by BFAT over the past few years.

This plant is being set up in the state of Saxony at Brand - Erbisdorf at cost of Euro 31 million funded by way of internal accruals, debt and state subsidiaries. 

Shares of the company are trading at Rs 426.85, up Rs 10.35, or 2.48% at the Bombay Stock Exchange (BSE) on Friday at 10:11 a.m.

The scrip has touched an intra-day high of Rs 429.00 and low of Rs 423.10. The total volume of shares traded at the BSE is 26,336.

In the earlier session, the shares rose 0.07%, or Rs 0.30, at Rs 416.50.

Currently, the stock is trading down 4.93% from its 52-week high of Rs 449.00 and above 130.05% over the 52-week low of Rs 185.55.