Bharat Forge Share Price: Bharat Forge shares up 0.53% as Nifty falls

Shares of Bharat Forge Ltd. rose 0.53 per cent to Rs 744.55 in Thursday’s trade. It hit an intraday high of Rs 749.05 and low of Rs 732.3, respectively, during the day.

The stock quoted a 52-week high price of Rs 848.0 and low of Rs 595.85.

As of 11:11AM (IST), the counter saw total traded volume of 9,827 shares with a traded value of Rs 0.73 crore, according to NSE.

Smart Talk

The stock had closed at Rs 740.65 in the previous session.

The scrip has advanced 1.61 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.68 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 31.56 while price-to-book ratio stood at 4.97. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto Ancl – Others industry.

Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 18.82 per cent and 18.9 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 2884.04 crore for the quarter ended 30-Jun-2022, down 21.12 per cent from the previous quarter’s Rs 3656.05 crore and down 34.24 per cent from the year-ago quarter’s Rs 2148.39 crore. Its net profit for the latest quarter stood at Rs 164.45 crore, up 7.03 per cent from the same quarter a year ago.

Source link

Leave a Reply

Your email address will not be published.

Back to top button