{"id":118263,"date":"2026-06-15T16:53:46","date_gmt":"2026-06-15T11:23:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=118263"},"modified":"2026-06-15T16:53:47","modified_gmt":"2026-06-15T11:23:47","slug":"bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/","title":{"rendered":"Bharat Forge Share Price Up 3% as KSSL Unveils MArG Artillery at Eurosatory 2026"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Bharat Forge share price Rs 2,009 (+3.3%) on June 15. KSSL showcased MArG 39 at Eurosatory 2026. Prev close Rs 1,945. MCap Rs 92,993 crore.<\/em><\/p>\n<p><strong>Bharat Forge share price<\/strong> surged over 3% to approximately Rs 2,009 on June 15, 2026, after Kalyani Strategic Systems Limited (KSSL), its wholly-owned defence subsidiary, unveiled the MArG artillery gun series at Eurosatory 2026, the world&#8217;s premier land and airland defence exhibition held in Paris. The reveal marks KSSL&#8217;s formal foray into the European defence market and reinforces Bharat Forge&#8217;s accelerating defence revenue trajectory heading into FY27.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=bharat-forge-kssl-marg-eurosatory\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#KSSL_MArG_Artillery_Series_What_Was_Showcased_at_Eurosatory_2026\" title=\"KSSL MArG Artillery Series: What Was Showcased at Eurosatory 2026\">KSSL MArG Artillery Series: What Was Showcased at Eurosatory 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Why_Bharat_Forge_Share_Price_Rose_on_the_Eurosatory_2026_News\" title=\"Why Bharat Forge Share Price Rose on the Eurosatory 2026 News\">Why Bharat Forge Share Price Rose on the Eurosatory 2026 News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Bharat_Forge_Defence_Business_Revenue_and_FY26_Outlook\" title=\"Bharat Forge Defence Business: Revenue and FY26 Outlook\">Bharat Forge Defence Business: Revenue and FY26 Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Key_Risks_for_Bharat_Forge_Share_Price\" title=\"Key Risks for Bharat Forge Share Price\">Key Risks for Bharat Forge Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Why_did_Bharat_Forge_share_price_rise_on_June_15_2026\" title=\"Why did Bharat Forge share price rise on June 15, 2026?\">Why did Bharat Forge share price rise on June 15, 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_is_the_MArG_artillery_gun_system_by_KSSL\" title=\"What is the MArG artillery gun system by KSSL?\">What is the MArG artillery gun system by KSSL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_is_Kalyani_Strategic_Systems_Limited_and_its_role_in_Bharat_Forge\" title=\"What is Kalyani Strategic Systems Limited and its role in Bharat Forge?\">What is Kalyani Strategic Systems Limited and its role in Bharat Forge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_is_Eurosatory_2026_and_why_does_it_matter_for_Indian_defence_exports\" title=\"What is Eurosatory 2026 and why does it matter for Indian defence exports?\">What is Eurosatory 2026 and why does it matter for Indian defence exports?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_is_Bharat_Forges_defence_revenue_and_growth_trajectory\" title=\"What is Bharat Forge&#8217;s defence revenue and growth trajectory?\">What is Bharat Forge&#8217;s defence revenue and growth trajectory?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_is_the_Bharat_Forge_share_price_52-week_range\" title=\"What is the Bharat Forge share price 52-week range?\">What is the Bharat Forge share price 52-week range?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#What_are_the_key_risks_for_Bharat_Forge_share_price_despite_the_defence_momentum\" title=\"What are the key risks for Bharat Forge share price despite the defence momentum?\">What are the key risks for Bharat Forge share price despite the defence momentum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bharat-forge-share-price-kssl-marg-artillery-eurosatory-2026\/#Should_I_invest_in_Bharat_Forge_shares_based_on_the_Eurosatory_2026_news\" title=\"Should I invest in Bharat Forge shares based on the Eurosatory 2026 news?\">Should I invest in Bharat Forge shares based on the Eurosatory 2026 news?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"KSSL_MArG_Artillery_Series_What_Was_Showcased_at_Eurosatory_2026\"><\/span><strong>KSSL MArG Artillery Series: What Was Showcased at Eurosatory 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>KSSL showcased the MArG 39 at Eurosatory 2026. The MArG family comprises three 155mm truck-mounted howitzers on high-mobility 4&#215;4 vehicles, designed for rapid deployment and shoot-and-scoot operations. All variants are NATO-compatible and use in-service NATO-standard ammunition, making them directly relevant to European armed forces.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; margin: 16px 0;\">\n<thead>\n<tr style=\"background: #000000;\">\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">MArG Variant<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Calibre<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Type<\/th>\n<th style=\"color: #ffffff; padding: 8px 12px; text-align: left; font-size: 13px;\">Burst Rate of Fire<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">MArG 39<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">155mm\/39 calibre<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Truck-mounted (4&#215;4 HMV)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">3 shots in 30 seconds<\/td>\n<\/tr>\n<tr style=\"background: #F9F9F9;\">\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">MArG 45<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">155mm\/45 calibre<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Truck-mounted (4&#215;4 HMV)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">10 shots in 3 minutes<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">MArG 52<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">155mm\/52 calibre<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Truck-mounted (compact)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #E0E0E0;\">Rapid shoot-and-scoot<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has now shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?redirectUrl=%2Fuser%2Fpayment%3FplanType%3DALL_PRO%2BPLANS%26cacheClear%3D1780639629052\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=bharat-forge-kssl-marg-eurosatory\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Bharat_Forge_Share_Price_Rose_on_the_Eurosatory_2026_News\"><\/span><strong>Why Bharat Forge Share Price Rose on the Eurosatory 2026 News<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s positive reaction to <strong>Bharat Forge share price<\/strong> reflects the significance of KSSL&#8217;s European debut. Eurosatory is attended by procurement officials and defence ministers from NATO member countries, making it the most direct channel for securing European export orders. KSSL&#8217;s participation signals that India&#8217;s private defence manufacturing has matured to compete with established European artillery manufacturers.<\/p>\n<p>Ankit Jaiswal, Senior Research Analyst at Univest, notes that <a href=\"https:\/\/univest.in\/stocks\/bharatforg\/bharat-forge-ltd-share-price-today\">Bharat Forge<\/a> has been building momentum, rising over 40% from its 52-week low of Rs 1,100.50. He flags the Eurosatory 2026 reveal as a potential inflection point for KSSL&#8217;s European export pipeline, which could meaningfully accelerate Bharat Forge&#8217;s defence revenue beyond the management&#8217;s 15 to 20 percent FY26 growth guidance if orders are secured.<\/p>\n<p>Kunal Singla, Associate Director at Univest, observes that KSSL has already demonstrated export credibility with its USD 155.5 million order and India&#8217;s first-ever artillery system export to Armenia. Adding European NATO markets would represent a step-change in the scale of KSSL&#8217;s addressable opportunity.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Bharat Forge share price live and monitor defence sector stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bharat_Forge_Defence_Business_Revenue_and_FY26_Outlook\"><\/span><strong>Bharat Forge Defence Business: Revenue and FY26 Outlook<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Forge&#8217;s defence segment crossed Rs 1,700 crore in FY25 revenues. KSSL, as a standalone entity, offers artillery systems, protected vehicles, armoured vehicle upgrades, ammunition components, air defence solutions, and defence electronics. The breadth of this portfolio positions KSSL to pursue multiple product lines in European procurement programmes.<\/p>\n<p>On the financial side, Bharat Forge reported FY25 revenues of Rs 15,122 crore with operating income of Rs 2,757 crore and net income of Rs 1,645 crore. Defence now accounts for a growing share of the revenue mix, partially offsetting weakness in North American commercial vehicle forging.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_Bharat_Forge_Share_Price\"><\/span><strong>Key Risks for Bharat Forge Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Forge&#8217;s core automotive forging business faces headwinds, with US export revenues down 63% year on year in Q2 FY26. Defence export orders also involve long negotiation cycles. Eurosatory presence does not guarantee contracts, and European procurement decisions typically span multiple years.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Bharat Forge share price live and stay updated on defence sector news.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Forge share price rose over 3% to approximately Rs 2,009 on June 15, 2026, after KSSL unveiled the MArG artillery gun series at Eurosatory 2026. The showcase marks India&#8217;s most prominent private defence manufacturer entering the European market with NATO-compatible artillery in three calibre variants. Ankit Jaiswal and Kunal Singla at Univest flag this as a medium-term positive for defence revenue but caution that automotive headwinds and long procurement cycles mean near-term earnings impact from Eurosatory exposure will be limited.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Bharat_Forge_share_price_rise_on_June_15_2026\"><\/span><strong>Why did Bharat Forge share price rise on June 15, 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Forge share price rose over 3% to Rs 2,009 on June 15, 2026, after KSSL, its wholly-owned defence subsidiary, showcased the MArG artillery gun series at Eurosatory 2026. The reveal signals KSSL&#8217;s formal push into the European defence market and reinforces Bharat Forge&#8217;s growing defence revenue trajectory.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_MArG_artillery_gun_system_by_KSSL\"><\/span><strong>What is the MArG artillery gun system by KSSL?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MArG stands for Multi-terrain Artillery Gun. It is a family of 155mm truck-mounted self-propelled howitzers developed by Kalyani Strategic Systems Limited, a wholly-owned subsidiary of Bharat Forge. The MArG series includes MArG 39, MArG 45, and MArG 52, all NATO-compatible and built for rapid shoot-and-scoot operations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Kalyani_Strategic_Systems_Limited_and_its_role_in_Bharat_Forge\"><\/span><strong>What is Kalyani Strategic Systems Limited and its role in Bharat Forge?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Kalyani Strategic Systems Limited is the wholly-owned defence and aerospace subsidiary of Bharat Forge. It handles artillery systems, protected vehicles, armoured vehicle upgrades, ammunition, and air defence solutions. KSSL contributed Rs 1,567 crore to Bharat Forge&#8217;s FY25 defence revenues of Rs 1,700 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Eurosatory_2026_and_why_does_it_matter_for_Indian_defence_exports\"><\/span><strong>What is Eurosatory 2026 and why does it matter for Indian defence exports?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Eurosatory is one of the world&#8217;s largest land and airland defence exhibitions, held in Paris. Showcasing MArG there gives KSSL direct exposure to European NATO-member armed forces and procurement agencies, potentially opening new export pipelines beyond Bharat Forge&#8217;s existing customers in Asia and the Middle East.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Bharat_Forges_defence_revenue_and_growth_trajectory\"><\/span><strong>What is Bharat Forge&#8217;s defence revenue and growth trajectory?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Forge&#8217;s defence segment crossed Rs 1,700 crore in FY25 revenues, with KSSL contributing Rs 1,567 crore. Management guided for 15 to 20 percent defence revenue growth for FY26. Prior export highlights include an order worth USD 155.5 million and India&#8217;s first-ever export of indigenously designed artillery systems to Armenia in 2023.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bharat_Forge_share_price_52-week_range\"><\/span><strong>What is the Bharat Forge share price 52-week range?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Forge share price was approximately Rs 2,009 on June 15, 2026, up over 3% from its previous close of Rs 1,945.10. The stock&#8217;s 52-week range is Rs 1,100.50 to Rs 2,044, with the current level near its all-time high. Market capitalisation stands at approximately Rs 92,993 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_Bharat_Forge_share_price_despite_the_defence_momentum\"><\/span><strong>What are the key risks for Bharat Forge share price despite the defence momentum?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Forge&#8217;s core automotive forging business faces headwinds, with export revenues to the US dropping 63% year on year in Q2 FY26 due to inventory destocking and softer North American commercial vehicle production. This segment remains the largest group revenue contributor and could drag on earnings if the US market recovery is delayed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_invest_in_Bharat_Forge_shares_based_on_the_Eurosatory_2026_news\"><\/span><strong>Should I invest in Bharat Forge shares based on the Eurosatory 2026 news?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharat Forge offers exposure to both defence and automotive sectors. Whether to invest depends on your view of KSSL&#8217;s export order conversion timeline and Bharat Forge&#8217;s automotive recovery. Always consult a SEBI-registered investment adviser before making any investment decision.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did Bharat Forge share price rise on June 15, 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Forge share price rose over 3% to Rs 2,009 on June 15, 2026, after KSSL, its wholly-owned defence subsidiary, showcased the MArG artillery gun series at Eurosatory 2026. The reveal signals KSSL's formal push into the European defence market and reinforces Bharat Forge's growing defence revenue trajectory.\"}},{\"@type\":\"Question\",\"name\":\"What is the MArG artillery gun system by KSSL?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"MArG stands for Multi-terrain Artillery Gun. It is a family of 155mm truck-mounted self-propelled howitzers developed by Kalyani Strategic Systems Limited, a wholly-owned subsidiary of Bharat Forge. The MArG series includes MArG 39, MArG 45, and MArG 52, all NATO-compatible and built for rapid shoot-and-scoot operations.\"}},{\"@type\":\"Question\",\"name\":\"What is Kalyani Strategic Systems Limited and its role in Bharat Forge?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Kalyani Strategic Systems Limited is the wholly-owned defence and aerospace subsidiary of Bharat Forge. It handles artillery systems, protected vehicles, armoured vehicle upgrades, ammunition, and air defence solutions. KSSL contributed Rs 1,567 crore to Bharat Forge's FY25 defence revenues of Rs 1,700 crore.\"}},{\"@type\":\"Question\",\"name\":\"What is Eurosatory 2026 and why does it matter for Indian defence exports?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Eurosatory is one of the world's largest land and airland defence exhibitions, held in Paris. Showcasing MArG there gives KSSL direct exposure to European NATO-member armed forces and procurement agencies, potentially opening new export pipelines beyond Bharat Forge's existing customers in Asia and the Middle East.\"}},{\"@type\":\"Question\",\"name\":\"What is Bharat Forge's defence revenue and growth trajectory?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Forge's defence segment crossed Rs 1,700 crore in FY25 revenues, with KSSL contributing Rs 1,567 crore. Management guided for 15 to 20 percent defence revenue growth for FY26. Prior export highlights include an order worth USD 155.5 million and India's first-ever export of indigenously designed artillery systems to Armenia in 2023.\"}},{\"@type\":\"Question\",\"name\":\"What is the Bharat Forge share price 52-week range?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Forge share price was approximately Rs 2,009 on June 15, 2026, up over 3% from its previous close of Rs 1,945.10. The stock's 52-week range is Rs 1,100.50 to Rs 2,044, with the current level near its all-time high. Market capitalisation stands at approximately Rs 92,993 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks for Bharat Forge share price despite the defence momentum?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Forge's core automotive forging business faces headwinds, with export revenues to the US dropping 63% year on year in Q2 FY26 due to inventory destocking and softer North American commercial vehicle production. This segment remains the largest group revenue contributor and could drag on earnings if the US market recovery is delayed.\"}},{\"@type\":\"Question\",\"name\":\"Should I invest in Bharat Forge shares based on the Eurosatory 2026 news?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bharat Forge offers exposure to both defence and automotive sectors. Whether to invest depends on your view of KSSL's export order conversion timeline and Bharat Forge's automotive recovery. Always consult a SEBI-registered investment adviser before making any investment decision.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Forge share price surged over 3% to Rs 2,009 on June 15, 2026, after defence subsidiary KSSL unveiled the MArG 39 artillery gun at Eurosatory 2026. Ankit Jaiswal and Kunal Singla at Univest analyse the European defence export opportunity and key risks.<\/p>\n","protected":false},"author":34,"featured_media":118282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4669],"class_list":["post-118263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bharat-forge-share-price-up"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781522630:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_title":["Bharat Forge Share Price Up 3% as KSSL Unveils MArG Artillery at Eurosatory 2026"],"rank_math_description":["Bharat Forge share price rose over 3% to Rs 2,009 on June 15, 2026, after KSSL unveiled MArG 39 at Eurosatory 2026 defence exhibition, signalling a European export 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