Bharat Forge shares gain 2.28% as Sensex rises
Bharat Forge Ltd. traded 2.28 per cent up at Rs 1286.05 at 10:05AM (IST) on Tuesday, even as BSE benchmark Sensex gained 374.89 points to 71730.11.
The scrip had settled at Rs 1257.35 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 1287.8 and Rs 744.0, respectively.
As per BSE data, total traded volume on the counter till 10:05AM (IST) stood at 10:05AM shares with turnover at Rs 2.12 crore.
At the current price, shares of the company trades at 76.22 times its trailing 12-month EPS of Rs 16.83 per share and 5.35 times its price-to-book value, the 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 is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.
Shareholding Details Promoters held 45.25 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.28 per cent and DIIs 27.94 per cent.
