Bharat Forge shares fall 2.19 per cent in Friday's trading session
Bharat Forge Ltd. fell 2.19 per cent to Rs 1247.95 in Friday's trade as of 02:11PM (IST) even as the benchmark Nifty ruled at 21882.25, up 235.05 points.
The scrip had closed at Rs 1275.9 in the previous session.
The stock quoted a 52-week low of Rs 744.0 and a high of Rs 1274.85. The company quoted a market-cap of Rs 58680.46 crore on the BSE.
On BSE, 44,954 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 74.87 times its trailing 12-month EPS of Rs 16.83 per share and 5.35 times its book value. The return on equity (ROE) stood at Rs 7.87.
Key Financials For the quarter ended 30-Sep-2023, Bharat Forge Ltd.
reported consolidated sales of Rs 3826.67 crore, down 22.56 per cent from the same quarter a year ago. The company reported 55.72 per cent YoY growth in net profit at Rs 227.22 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Friday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
