Bharat Forge block deals, bulk deals, insider trading and stake changes
NSE: BHARATFORGBSE: 500493Auto ComponentsMid Cap
Last close ₹1,711.20down ₹29.80 (1.71%)BSE ₹1,709.60
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,741.00.
52-week range of traded prices to 23 Oct 2026
₹1,265.00Low, 23 Oct 2025₹2,295.00High, 10 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹83,621 Cr127th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 118.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹512 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 68.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 7 May 2026
- 8.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.50%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 7.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹512 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 13.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 11.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 7 May 2026
- 0.72
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,15,93349.3% delivered
Bharat Forge insider trading
All 43 disclosures on record. The company's own latest disclosure on record is from Oct 2021.Insider trading, all companies
Mar 2025
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.22 Cr2,000 sharesBought · Promoter · 6 Mar 2025 · disclosed 17 Mar
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.10 Cr1,000 sharesBought · Promoter · 5 Mar 2025 · disclosed 10 Mar
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.49 Cr4,750 sharesBought · Promoter · 4 Mar 2025 · disclosed 10 Mar
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.51 Cr5,000 sharesBought · Promoter · 3 Mar 2025 · disclosed 10 Mar
Mar 2024
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹833 Cr74,99,370 sharesPledge · Promoter · 28 Mar 2024 · disclosed 4 Apr
Feb 2024
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹844 Cr75,00,000 sharesPledge · Promoter · 20 Feb 2024 · disclosed 23 Feb
Sep 2023
- SHITAL UPADHYE₹0.11 Cr1,000 sharesSold or invoked · Designated Person · 12 Sep 2023 · disclosed 19 Sep
Nov 2021
- DILIP BAHULEKAR₹83,005100 sharesSold or invoked · Designated Person · 10 Nov 2021 · disclosed 12 Nov
- DILIP BAHULEKAR₹83,625100 sharesBought · Designated Person · 10 Nov 2021 · disclosed 12 Nov
Oct 2021
- PRASHANT NALADKAR₹0.08 Cr1,000 sharesSold or invoked · Designated Person · 8 Oct 2021 · disclosed 22 Nov
- PRASHANT NALADKAR₹0.08 Cr1,000 sharesBought · Designated Person · 8 Oct 2021 · disclosed 22 Nov
- DILIP BAHULEKAR₹26,72835 sharesSold or invoked · Designated Person · 8 Oct 2021 · disclosed 14 Oct
Earlier, Nov 2016 to Sep 2021Hide earlier
Sep 2021
- KSL Holdings Private Limited0sharesPledged · Promoter Group · 30 Sep 2021 · disclosed 1 Oct · Others · stake 9.94% before, 9.94% after
- Sundaram Trading & Investment Pvt. Ltd₹558 Cr75,00,000 sharesPledged · Promoter Group · 29 Sep 2021 · disclosed 30 Sep · Pledge Creation · stake 11.86% before, 11.86% after
- Sundaram Trading & Investment Pvt. Ltd₹586 Cr75,00,000 sharesPledged · Promoter Group · 27 Sep 2021 · disclosed 29 Sep · Pledge Creation · stake 11.86% before, 11.86% after
Aug 2021
- DILIP BAHULEKAR₹0.05 Cr620 sharesSold or invoked · Designated Person · 18 Aug 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.05 Cr620 sharesBought · Designated Person · 18 Aug 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹88,439109 sharesBought · Designated Person · 13 Aug 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹88,552109 sharesSold or invoked · Designated Person · 13 Aug 2021 · disclosed 13 Oct
Jul 2021
- DILIP BAHULEKAR₹0.03 Cr320 sharesSold or invoked · Designated Person · 8 Jul 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.03 Cr320 sharesBought · Designated Person · 8 Jul 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.08 Cr1,000 sharesSold or invoked · Designated Person · 7 Jul 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.08 Cr1,000 sharesBought · Designated Person · 7 Jul 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.07 Cr900 sharesSold or invoked · Designated Person · 6 Jul 2021 · disclosed 13 Oct
- DILIP BAHULEKAR₹0.07 Cr900 sharesBought · Designated Person · 6 Jul 2021 · disclosed 13 Oct
Jun 2021
- Ajinkya Investment And Trading Company₹350 Cr46,56,000 sharesSold · Promoter Group · 11 Jun 2021 · stake 4.22% before, 3.22% after
Jan 2021
- SIVASANKARAN M₹0.01 Cr200 sharesBought · Employees/Designated Employees · 27 Jan 2021 · disclosed 17 Feb · held 430 before, holds 630 after
- SIVASANKARAN M₹0.02 Cr300 sharesBought · Employees/Designated Employees · 25 Jan 2021 · disclosed 17 Feb · held 130 before, holds 430 after
- SIVASANKARAN M₹0.03 Cr400 sharesSold · Employees/Designated Employees · 21 Jan 2021 · disclosed 17 Feb · held 530 before, holds 130 after
- SIVASANKARAN M₹61,980100 sharesBought · Employees/Designated Employees · 14 Jan 2021 · disclosed 17 Feb · held 430 before, holds 530 after
- SIVASANKARAN M₹0.02 Cr300 sharesBought · Employees/Designated Employees · 13 Jan 2021 · disclosed 17 Feb · held 430 before, holds 730 after
- SIVASANKARAN M₹64,619100 sharesSold · Employees/Designated Employees · 13 Jan 2021 · disclosed 17 Feb · held 730 before, holds 630 after
- SIVASANKARAN M₹0.01 Cr200 sharesSold · Employees/Designated Employees · 13 Jan 2021 · disclosed 17 Feb · held 630 before, holds 430 after
- SIVASANKARAN M₹60,969100 sharesBought · Employees/Designated Employees · 11 Jan 2021 · disclosed 17 Feb · held 330 before, holds 430 after
- SIVASANKARAN M₹60,380100 sharesBought · Employees/Designated Employees · 8 Jan 2021 · disclosed 17 Feb · held 130 before, holds 230 after
- SIVASANKARAN M₹60,506100 sharesBought · Employees/Designated Employees · 8 Jan 2021 · disclosed 17 Feb · held 230 before, holds 330 after
- SIVASANKARAN M₹0.06 Cr1,000 sharesBought · Designated Person · 4 Jan 2021 · disclosed 22 Mar
- SIVASANKARAN M₹0.05 Cr840 sharesSold or invoked · Designated Person · 4 Jan 2021 · disclosed 22 Mar
- SIVASANKARAN M₹77,224140 sharesSold · Employees/Designated Employees · 4 Jan 2021 · disclosed 17 Feb · held 270 before, holds 130 after
Jul 2018
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.58 Cr10,000 sharesBought · Promoters · 19 Jul 2018 · disclosed 20 Jul · stake 11.86% before, 11.86% after
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹0.36 Cr6,000 sharesBought · Promoters · 18 Jul 2018 · disclosed 19 Jul · stake 11.86% before, 11.86% after
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹3.84 Cr64,000 sharesBought · Promoters · 17 Jul 2018 · disclosed 18 Jul · stake 11.85% before, 11.86% after
Sep 2017
- BonusEach share became 2 on 28 Sep 2017. The lines below are on the share count before it.
Nov 2016
- SUNDARAM TRADING AND INVESTMENT PRIVATE LIMITED₹205 Cr23,27,000 sharesSold · Promoters · 30 Nov 2016 · disclosed 1 Dec · stake 12.85% before, 11.85% after
Trades by the company's promoters, directors, key managers, employees and their relatives, as each disclosed them. Value is what the filer stated; the mode is shown where the shares moved off the market.
Bharat Forge stake sales and purchases
All 7 disclosures on record.
Apr 2023
- AcquiredKotak Mahindra Mutual Fund0.16% of the company7,34,185 sharesholds 5.13% after5 Apr 2023 · filed under the 5% rule · Open Market
Dec 2020
- AcquiredHermes Investment Management Limited0.09% of the company4,46,787 sharesholds 5.00% after15 Dec 2020 · filed under the 5% rule · Open Market
Jul 2020
- AcquiredLife Insurance Corporation of India0.04% of the company2,17,591 sharesholds 5.00% after30 Jul 2020 · filed under the 5% rule · Open Market
Jun 2020
- AcquiredHermes Investment Management Limited0.06% of the company2,88,089 sharesholds 5.05% after1 Jun 2020 · filed under the 5% rule · Open Market
Sep 2017
- BonusEach share became 2 on 28 Sep 2017. The lines below are on the share count before it.
Aug 2017
- SoldLife Insurance Corporation of India2.05% of the company47,61,311 sharesholds 4.98% after1 Aug 2017 · filed under the 2% rule · Open Market
Earlier, Dec 2015 to Mar 2016Hide earlier
Mar 2016
- AcquiredLife Insurance Corporation of India2.03% of the company47,12,593 sharesholds 7.02% after1 Mar 2016 · filed under the 2% rule · Open Market
Dec 2015
- AcquiredLife Insurance Corporation of India0.12% of the company2,70,817 sharesholds 5.00% after11 Dec 2015 · filed under the 5% rule · Open Market
The 5% rule: an investor discloses on reaching 5% of the company. The 2% rule: a holder of 5% or more discloses each change of 2% or more, including one that takes it below 5%. A transfer exempt from an open offer, the offer to buy from every other shareholder that a large purchase otherwise brings, is disclosed too. Each line shows what its filing states, which can be a smaller change than its rule names.
Bharat Forge block deals and bulk deals
None in the last 12 months, since 23 Oct 2025.Today's bulk and block deals, all companies
ValueValue of a deal. The shares traded times the deal's price.Per cent of the companyPer cent of the company. The shares traded as a percentage of all the company's shares in issue on the day of the deal.
Monday 29 Sep 20251 firm · ₹378 Cr bought · ₹0 soldNet bought ₹378 Cr
- BoughtMOTILAL OSWAL MUTUAL FUNDBought 31,02,941 at ₹1,217.320.65% of the company₹378 Cr
Thursday 11 Sep 20252 firms · ₹24 Cr bought · ₹24 Cr soldNet nil
- SoldGOLDMAN SACHS (SINGAPORE) PTE - ODIBlock dealSold 2,00,439 at ₹1,213.000.04% of the company₹24 Cr
- BoughtGOLDMAN SACHS BANK EUROPE SE - ODIBlock dealBought 2,00,439 at ₹1,213.000.04% of the company₹24 Cr
Tuesday 9 Sep 20252 firms · ₹55 Cr bought · ₹55 Cr soldNet nil
- SoldGOLDMAN SACHS (SINGAPORE) PTE - ODIBlock dealSold 4,55,437 at ₹1,202.800.10% of the company₹55 Cr
- BoughtGOLDMAN SACHS BANK EUROPE SE - ODIBlock dealBought 4,55,437 at ₹1,202.800.10% of the company₹55 Cr
Monday 14 Nov 20222 firms · ₹33 Cr bought · ₹33 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 3,71,305 at ₹886.950.08% of the company₹33 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 3,71,305 at ₹886.950.08% of the company₹33 Cr
Thursday 3 Nov 20222 firms · ₹31 Cr bought · ₹31 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 3,71,305 at ₹846.300.08% of the company₹31 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 3,71,305 at ₹846.300.08% of the company₹31 Cr
Tuesday 25 Oct 20222 firms · ₹16 Cr bought · ₹16 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 1,99,762 at ₹786.350.04% of the company₹16 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 1,99,762 at ₹786.350.04% of the company₹16 Cr
Monday 17 Oct 20222 firms · ₹23 Cr bought · ₹23 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 3,13,923 at ₹747.800.07% of the company₹23 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 3,13,923 at ₹747.800.07% of the company₹23 Cr
Tuesday 11 Oct 20222 firms · ₹24 Cr bought · ₹24 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 3,06,970 at ₹778.150.07% of the company₹24 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 3,06,970 at ₹778.150.07% of the company₹24 Cr
Monday 3 Oct 20222 firms · ₹21 Cr bought · ₹21 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 3,07,150 at ₹695.500.07% of the company₹21 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 3,07,150 at ₹695.500.07% of the company₹21 Cr
Monday 19 Sep 20222 firms · ₹16 Cr bought · ₹16 Cr soldNet nil
- SoldISHARES CORE EMERGING MARKETS MAURITIUS COBlock dealSold 2,08,797 at ₹745.800.04% of the company₹16 Cr
- BoughtISHARES CORE MSCI EMERGING MARKETS ETFBlock dealBought 2,08,797 at ₹745.800.04% of the company₹16 Cr
Monday 8 Aug 20222 firms · ₹21 Cr bought · ₹21 Cr soldNet nil
- SoldISHARES INDIA INDEX MAURITIUS COMPANYBlock dealSold 3,02,713 at ₹706.400.07% of the company₹21 Cr
- BoughtISHARES MSCI INDIA ETFBlock dealBought 3,02,713 at ₹706.400.07% of the company₹21 Cr
Monday 1 Aug 20222 firms · ₹22 Cr bought · ₹22 Cr soldNet nil
- SoldISHARES INDIA INDEX MAURITIUS COMPANYBlock dealSold 3,02,713 at ₹733.000.07% of the company₹22 Cr
- BoughtISHARES MSCI INDIA ETFBlock dealBought 3,02,713 at ₹733.000.07% of the company₹22 Cr
Monday 25 Jul 20222 firms · ₹21 Cr bought · ₹21 Cr soldNet nil
- SoldISHARES INDIA INDEX MAURITIUS COMPANYBlock dealSold 3,02,712 at ₹706.600.07% of the company₹21 Cr
- BoughtISHARES MSCI INDIA ETFBlock dealBought 3,02,712 at ₹706.600.07% of the company₹21 Cr
Monday 18 Jul 20222 firms · ₹20 Cr bought · ₹20 Cr soldNet nil
- SoldISHARES INDIA INDEX MAURITIUS COMPANYBlock dealSold 3,04,530 at ₹642.500.07% of the company₹20 Cr
- BoughtISHARES MSCI INDIA ETFBlock dealBought 3,04,530 at ₹642.500.07% of the company₹20 Cr
Wednesday 20 Oct 20212 firms · ₹17 Cr bought · ₹17 Cr soldNet nil
- SoldISHARES EMERGING MARKETS INDEX MAURITIUS COBlock dealSold 2,18,690 at ₹791.100.05% of the company₹17 Cr
- BoughtISHARES MSCI EMERGING MARKETS ETFBlock dealBought 2,18,690 at ₹791.100.05% of the company₹17 Cr
Monday 11 Oct 20212 firms · ₹17 Cr bought · ₹17 Cr soldNet nil
- SoldISHARES EMERGING MARKETS INDEX MAURITIUS COBlock dealSold 2,18,690 at ₹758.600.05% of the company₹17 Cr
- BoughtISHARES MSCI EMERGING MARKETS ETFBlock dealBought 2,18,690 at ₹758.600.05% of the company₹17 Cr
Monday 4 Oct 20212 firms · ₹16 Cr bought · ₹16 Cr soldNet nil
- SoldISHARES EMERGING MARKETS INDEX MAURITIUS COBlock dealSold 2,24,843 at ₹727.600.05% of the company₹16 Cr
- BoughtISHARES MSCI EMERGING MARKETS ETFBlock dealBought 2,24,843 at ₹727.600.05% of the company₹16 Cr
Thursday 23 Sep 20212 firms · ₹16 Cr bought · ₹16 Cr soldNet nil
- SoldISHARES EMERGING MARKETS INDEX MAURITIUS COBlock dealSold 2,22,596 at ₹740.850.05% of the company₹16 Cr
- BoughtISHARES MSCI EMERGING MARKETS ETFBlock dealBought 2,22,596 at ₹740.850.05% of the company₹16 Cr
Tuesday 31 Aug 20211 firm · ₹17 Cr bought · ₹17 Cr soldNet nil
- Both waysTEACHER RETIREMENT SYSTEM OF TEXASBlock dealBought 2,19,373 at ₹759.80Sold 2,19,373 at ₹759.800.05% of the companyNet nil₹17 Cr bought
Friday 11 Jun 202110 firms · ₹350 Cr bought · ₹699 Cr soldNet sold ₹350 Cr
- SoldAJINKYA INVESTMENT & TRADING COBlock dealSold 46,56,000 at ₹750.801.00% of the company₹350 Cr
- SoldAJINKYA INVESTMENT & TRADING COSold 46,56,000 at ₹750.801.00% of the company₹350 Cr
- BoughtSBI LIFE INSURANCE COMPANY LTDBlock dealBought 19,97,860 at ₹750.800.43% of the company₹150 Cr
- BoughtTATA AIG LIFE INSURANCE CO LTDBlock dealBought 9,32,000 at ₹750.800.20% of the company₹70 Cr
- BoughtKUWAIT INVESTMENT AUTHORITYBlock dealBought 4,66,000 at ₹750.800.10% of the company₹35 Cr
- BoughtGOLDMAN SACHS INVESTMENTS (MAURITIUS) I LIMITEDBlock dealBought 3,93,940 at ₹750.800.08% of the company₹30 Cr
- BoughtTARA EMERGING ASIA LIQUID FUNDBlock dealBought 2,66,400 at ₹750.800.06% of the company₹20 Cr
- BoughtMORGAN STANLEY ASIA SINGAPORE PTEBlock dealBought 2,00,000 at ₹750.800.04% of the company₹15 Cr
- BoughtSUNDARAM MUTUAL FUNDBlock dealBought 2,00,000 at ₹750.800.04% of the company₹15 Cr
- BoughtTATA MUTUAL FUNDBlock dealBought 1,99,800 at ₹750.800.04% of the company₹15 Cr
Tuesday 4 May 20212 firms · ₹17 Cr bought · ₹17 Cr soldNet nil
- SoldAB ARYA PARTNERS (MASTER) FUND SICAV-RAIF S.C.SPBlock dealSold 2,62,828 at ₹636.250.06% of the company₹17 Cr
- BoughtBOFA SECURITIES EUROPE SABlock dealBought 2,62,828 at ₹636.250.06% of the company₹17 Cr
BonusEach share became 2 on 28 Sep 2017. The lines below are on the share count before it.
Tuesday 28 Mar 20174 firms · ₹365 Cr bought · ₹365 Cr soldNet nil
- SoldAMRIT PETROLEUMS PRIVATE LIMITEDBlock dealSold 18,00,000 at ₹1,015.000.77% of the company₹183 Cr
- SoldAMRIT PETROLEUMS PRIVATE LIMITEDSold 18,00,000 at ₹1,015.000.77% of the company₹183 Cr
- BoughtNEMISH SHANTILAL SHAHBlock dealBought 18,00,000 at ₹1,015.000.77% of the company₹183 Cr
- BoughtNEMISH SHANTILAL SHAHBought 18,00,000 at ₹1,015.000.77% of the company₹183 Cr
Wednesday 30 Nov 20161 firm · ₹0 bought · ₹205 Cr soldNet sold ₹205 Cr
- SoldSUNDARAM TRADING AND INVESTMENT PVT LTDSold 23,27,000 at ₹879.951.00% of the company₹205 Cr
Friday 29 May 20152 firms · ₹469 Cr bought · ₹211 Cr soldNet bought ₹258 Cr
- Both waysBLACKROCK INDIA EQUITIES FUND (MAURITIUS) LIMITEDBought 37,85,596 at ₹1,238.97Sold 3,75,035 at ₹1,238.241.63% of the companyNet +34,10,561 shares₹469 Cr bought
- SoldINTEGRATED CORE STRATEGIES ASIA PTE LTDSold 13,39,657 at ₹1,231.640.58% of the company₹165 Cr
A bulk deal is one client trading half a per cent or more of the shares in a day; a block deal is a large trade in the exchange's separate block window, its buyer and its seller each on a line of their own. A firm that bought and sold the shares the same day is on one line, with its net. The latest 36 deals, on record from 4 Jan 2004.