Bharat Forge rises 1.95% as Sensex climbs
Bharat Forge Ltd. traded at Rs 1041.8 on BSE at 10:20AM (IST) on Monday, up 1.95 per cent from previous close.
The scrip quoted a 52-week low price of Rs 677.85 and a high of Rs 1052.0.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 8,912 lakh shares changed hands on the counter till 10:20AM (IST).
The stock of Bharat Forge Ltd.
commanded a market value of Rs 48593.49 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 69.18, 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, 347 stocks traded in the green, while 154 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-Jun-2023 while foreign and domestic institutional investors owned 15.79 per cent and 20.28 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 843.48 on August 28, while the 50-DMA was at 893.33. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward.
