Bharat Forge shares up 1.21% as Nifty gains
Bharat Forge Ltd. traded 1.21 per cent up in Wednesday's trade at 11:11AM (IST). Around 6,707 shares changed hands on the counter.
The scrip opened at Rs 1032.05 and touched an intraday high and low of Rs 1046.95 and Rs 1032.05, respectively, in the session so far. The stock of Bharat Forge Ltd. quoted a 52-week high of Rs 1147.95 and a 52-week low of Rs 744.0.
As per BSE, the total market cap of the Bharat Forge Ltd. stood at Rs 48649.36 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 3826.67 crore for the quarter ended 30-Sep-2023, down 2.91 per cent from previous quarter's Rs 3941.42 crore and down 22.56 per cent from the year-ago quarter's Rs 3122.27 crore.
The net profit for latest quarter stood at Rs 227.22 crore, up 55.72 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 19.81 per cent stake in the company, while foreign institutional investors held 16.28 per cent and the promoters 45.25 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 62.07 and a price-to-book ratio of 5.35.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Bharat Forge Ltd.
