Bharat Forge shares surged to a 52-week high after securing a significant contract with the Ministry of Defence. The company will supply 255,128 CQB Carbines to the Indian Army for ₹1,661.9 crore over five years. This indigenously designed firearm was jointly developed by ARDE, DRDO, and Bharat Forge. The deal underscores Bharat Forge's commitment to providing advanced, 'Made in India' defence equipment to the armed forces.