Bharat Forge shares gain 0.69% as Sensex rises
Bharat Forge Ltd. traded 0.69 per cent higher in Thursday's session at 10:10AM (IST).
The stock opened at Rs 1058.1 and has touched an intraday high and low of Rs 1068.25 and Rs 1057.35, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1076.0 and a 52-week low of 677.85. About 5,724 shares changed hands on the counter so far.
Benchmark Nifty50 was up 1.3 points at 19348.75, while the BSE Sensex traded 48.17 points higher at 65135.42 at the time of writing of this report.
In the Nifty pack, 24 stocks traded the day in the green, while 26 were in the red.
Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3941.42 crore, up 6.9 per cent from the previous quarter's Rs 3686.85 crore and up 36.66 per cent from the year-ago quarter.
The company reported net profit of Rs 223.4 crore for the latest quarter.
Promoter Holdings Promoters held 45.25 per cent stake in the company as of 30-Jun-2023, while FIIs held 15.79 per cent and MFs 20.28 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 846.24 on August 31, while the 50-DMA was at Rs 907.7. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
