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Balu Forge stock tumbles nearly 20% as selling pressure intensifies
Balu Forge shares plunged about 20% amid heavy selling, technical weakness, and sector pressure, prompting caution over further downside risks.
Shares of Balu Forge declined sharply, falling around 20 % as intensified selling pressure emerged in the steel fabrication and forging stock. Traders attributed the rout to profit booking, weak sector cues, and technical breakdowns below key support levels. Market participants noted that low trading volumes and broader volatility in midcap spaces exacerbated the downward move.