Share Market News | In 3 years, 529% return in shares, there was a big fall for 8 days in a row! Now again the signal of the rocket boom, what is the reason?

Share Market News: After a steady decline for the past few days, a stock in the share market has started getting signs of a rocket boom again.

In fact, it is a multibagger stock that has managed to deliver more than 500 percent returns to its investors over the last three years.

But the past few months have been challenging for these shares and their prices have been falling steadily. But today, Tuesday 13 January 2026, after eight consecutive days of decline, these shares have seen a big boom.

The time of crisis is over

Shares of Balu Forge Industries Limited gave 13% return today. This has boosted investor enthusiasm. After the company got relief from the Indian Income Tax Department, its shares saw a rise.

In fact, the Income Tax Department had started an investigation of this company. The Income Tax Department conducted an inquiry under the Income Tax Act, 1961 in some offices and manufacturing units of the company and the inquiry was concluded yesterday.

Due to this investigation, the shares of the company were continuously falling for the last eight days. The inquiry of the Acre Department was started on 7th January and it was concluded yesterday i.e. 12th January.

Meanwhile, the company has said that it has fully cooperated with the Income Tax investigation and no malpractice has been found in this investigation. As no error has been found in the income tax investigation, now once again there are indications that the company’s shares are rocketing.

Performance of the company in the stock market

Shares of the company have fallen 23 percent in the last twelve months. But in the last two years, investors have got 70% returns from this. Also, in the last three years, these shares have given the investors a whopping return of 529%.

The stock is currently trading in the range of 499. This morning, the company’s stock opened in the Rs 455 range and gained as much as 13 percent within hours.