Bharat Forge declines 0.69% as Sensex slides
Bharat Forge Ltd. traded at Rs 1236.6 on BSE at 01:18PM (IST) on Friday, down 0.69 per cent from previous close.
The scrip quoted a 52-week low price of Rs 744.0 and a high of Rs 1247.0.
Earlier, the stock saw a gap down opening in the morning.
A total of 44,758 lakh shares changed hands on the counter till 01:18PM (IST).
The stock of Bharat Forge Ltd.
commanded a market value of Rs 57500.2 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 73.37, while the price-to-book value ratio stood at 5.35. Return on equity (ROE) was at 7.87 per cent, according to exchange data.
In the BSE500 pack, 325 stocks traded in the green, while 176 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.45.
Promotor/FII Holding Promoters held 45.25 per cent in Bharat Forge Ltd.
as of 30-Sep-2023 while foreign portfolio investors and domestic institutional investors owned 16.28 per cent and 19.81 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 946.57 on December 29, while the 50-DMA was at 1113.91. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
