Bharat Forge stock price down 0.2 per cent as Sensex climbs
Forge Ltd. fell 0.2 per cent to Rs 838.6 at 01:01PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.
As per data available on BSE, total traded quantity on the counter stood at 11,447 shares with a turnover of Rs 0.96 crore till 01:01PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 60.69, while the price-to-book value ratio stood at 5.35. Return on equity (ROE) was at 7.87 per cent, according to exchange data.
The stock hit an intraday high of Rs 850.0 and a low of Rs 834.5 during the session and quoted a 52-week high price of Rs 919.5 and a 52-week low of Rs 630.0. 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 816.62 on July 04, while the 50-DMA was at Rs 795.41. 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 63.73.
Read more on economictimes.indiatimes.com
