Balu Forge shares rally 13% after tax search

Balu Forge, a company owned in part by investor Ashish Kacholia, saw its shares go up by 13% in one day.

This happened after the income tax department finished searching the company's offices.

The searches started on January 7 and ended on January 13.

The company said they cooperated fully and no bad documents were found.

The share price had been going down for nine days before this increase.

Even though the shares went up today, they have lost value over the past year.

But in the last 3, 5, and 10 years, the shares have gone up a lot.