The Bharat Forge stock declined steeply in morning trade on Tuesday with the share shaving off nearly 13 per cent on its opening price to hit a low of Rs 1,006.30 in the first 45 minutes of trade on the BSE.
The share has recovered somewhat and at 10.15 am was seen trading at Rs 1,067 a piece, a loss of 7.67 per cent.
The overall market was absolutely flat.