Bharat Forge stock price 0.0 per cent as Sensex climbs
Bharat Forge Ltd. 0.0 per cent to Rs 1581.5 at 11:57AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 11,076 shares with a turnover of Rs 1.75 crore till 11:57AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 80.76, while the price-to-book value ratio stood at 7.33.
Return on equity (ROE) was at 13.28 per cent, according to exchange data. The stock hit an intraday high of Rs 1614.0 and a low of Rs 1560.95 during the session and quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 951.0.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.45.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 1323.46 on August 19, while the 50-DMA was at Rs 1645.18. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 45.47. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 30-Jun-2024, promoters held 45.25 per cent stake in the company, while overseas investors held 17.04 per cent and domestic institutional
