Bharat Forge shares 1.54% as Sensex falls
Bharat Forge Ltd. traded 1.54 per cent at Rs 1358.00 at 02:04PM (IST) on Thursday, even as BSE benchmark Sensex 248.59 points to 81277.55.
The stock had closed at Rs 1379.35 in the previous session. The stock quoted a 52-week high price of Rs 1826.20 and 52-week low of Rs 1063.40, respectively. As per BSE data, total traded volume on the counter till 02:04PM (IST) stood at 5536 shares with a turnover of Rs 0.76 crore.
At the prevailing price, the stock traded at 68.56 times its trailing 12-month EPS of Rs 19.81 per share and 7.33 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.4518.
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