Bharat Forge shares soar over 4% as its defence arm unveils MArG series mounted artillery guns at Eurosatory 2026

The company is presenting the next-generation 155mm/39 calibre MArG 39 variant at Eurosatory 2026, displayed for demonstration to prospective customers across Europe, according to a regulatory filing.

The MArG series, as per Bharat Forge, is a truck-mounted artillery system built for manoeuvre and delivers a highly mobile, rapidly deployable, and cost-optimised firepower solution for modern land forces.

It is a comprehensive series of 4×4-mounted 155 mm artillery systems, engineered to give armed forces a single, common platform across three calibre configurations.

It includes MArG 39 (39 calibre), optimised for mobility and tactical flexibility, MArG 45 (45 calibre), for balanced range and firepower, and MArG 52 (52 calibre), for extended-range, high-performance artillery solution.

As per the company, at the centre of the MArG series is a high-mobility 4×4 chassis that delivers “superior” manoeuvrability across diverse terrains while significantly reducing the logistics footprint of tracked systems and of heavier wheeled 6x6 and 8x8 platforms.

The company said that the defining strength of the MArG series has been its design simplicity, translating into lower overall weight than traditional artillery systems and air transportability (depending on configuration) for enhanced strategic mobility.

“The result is a platform equally at home in mountain, desert and infrastructure-constrained environments, and capable of both static defensive and highly mobile offensive roles - operational flexibility with true terrain adaptability,” it added.

It further stated that the series is engineered for rapid transition from march-to-fire and back-to-movement, a minimal crew requirement enabled by efficient gun-laying, and fast reaction times for rapid deployment.

It is also furnished with a modern fire-control system (FCS), which ensures accurate targeting and efficient fire missions, with full compatibility for network-centric warfare and digitised artillery coordination.

Commenting on the development, Amit Kalyani, Vice Chairman and Joint Managing Director, Bharat Forge Ltd, the parent company of KSSL, said: “With the MArG series, we bring six decades of precision engineering and metallurgical expertise to a product engineered for armed forces worldwide. Redefining deployable artillery, KSSL has set a new global benchmark that gives armed forces uncompromising firepower and mobility - and gives partner nations the means to build that capability for themselves.”

The MArG series delivers a decisive battlefield advantage, agile enough to shoot, scoot and reposition before counter-battery fire can respond, said Neelesh Tungar, Chief Executive Officer, KSSL, adding that it is also agile enough to “reach the mountains, cities and infrastructure-constrained terrain where heavier systems simply cannot go”.

Bharat Forge stock performance

Shares of Bharat Forge surged as much 4.52% to hit an intraday high of ₹2,033 apiece on the National Stock Exchange (NSE) on Monday, June 15.

At around 2:22 PM, the scrip stood at ₹2,019.10 per equity share, reflecting a 3.80% jump. It has gained 7% in the past week and more than 5% over the month. On a year-to-date basis, it has advanced 38%.

While the stock hit a 52-week high of ₹2,044 per unit on May 8, 2026, it touched a year’s low of ₹1,100.50 on August 29, 2025.

Bharat Forge has a total market capitalisation of ₹96,550 crore as of June 15, 2026, according to data on the NSE.