Bharat Forge rises 1.42% as Sensex climbs
Bharat Forge Ltd. traded at Rs 1125.9 on BSE at 12:12PM (IST) on Friday, up 1.42 per cent from previous close.
The stock quoted a 52-week low price of Rs 744.0 and a high of Rs 1330.0.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 16,451 lakh shares changed hands on the counter till 12:12PM (IST).
The stock of Bharat Forge Ltd. commanded a market value of Rs 52350.79 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 54.2, 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 158 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-Dec-2023 while foreign and domestic institutional investors owned 16.6 per cent and 19.84 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 1022.48 on February 16, while the 50-DMA was at 1219.16. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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