Bharat Forge rises 0.28% as Sensex climbs

economictimes.indiatimes.com:

Bharat Forge Ltd. traded at Rs 859.85 on BSE at 12:19PM (IST) on Friday, up 0.28 per cent from previous close. The scrip quoted a 52-week low price of Rs 631.35 and a high of Rs 919.5.

Earlier, shares of the company saw a gap up opening in the morning. A total of 5,996 lakh shares changed hands on the counter till 12:19PM (IST). The stock of Bharat Forge Ltd.

commanded a market value of Rs 40038.29 crore, according to BSE. The stock traded at a price-to-earning (P/E) multiple of 62.22, 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, 342 stocks traded in the green, while 159 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 31-Mar-2023 while foreign and domestic institutional investors owned 16.17 per cent and 19.89 per cent, respectively.Moving averages The 200-DMA of the stock stood at 820.01 on July 14, while the 50-DMA was at 805.62.