Bharat Forge shares rise 1.06% as Nifty drops
Bharat Forge Ltd. traded 1.06 per cent up at Rs 1607.8 on Friday at around 11:51AM (IST), while the benchmark BSE Sensex declined 34.31 points to 82928.4.
As many as 6,575 shares changed hands on the counter with a total value of Rs 1.05 crore.
The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.
On the technical charts, the 200-DMA of the stock stood at Rs 1374.61, while 50-DMA was at Rs 1614.93. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 44.18 per cent in the past one year, while Sensex has risen 25.93 per cent during the same period.
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