Auto components exporter Bharat Forge announced strategic investment of up to Rs 30 crore for eventual stake of 45 percent in an electric vehicle startup, Tork Motorcycles.
Market is on a strong footing as broadbased buying pushed the Sensex 400 points higher.
The Nifty Midcap index extended gains to 1.5 percent on strong market breadth while the Nifty50 is hovering around 10,600 levels.
Rate sensitive like Banks, Realty and Auto, and defensives like technology and pharma stocks continued to rally.
Cadila Healthcare has reported healthy growth of 67.7 percent year-on-year in consolidated net profit at Rs 543.3 crore despite significant rise in tax cost, driven by fantastic operational and revenue performance.