Share price of Bharat Forge falls as Sensex drops 438.32 points
Bharat Forge Ltd. dropped 0.79 per cent to Rs 1463.35 at 01:07PM (IST) in Thursday's trade. The counter has hit a high of Rs 1475.4 and low of Rs 1443.35 so far during the session. The stock had closed at Rs 1475.05 in the previous session.
The counter has had a total traded volume of 8718 shares so far with a value of Rs 1.27 crore on the NSE. It traded at a price-to-earnings multiple of 73.12 and a price-to-book ratio of 7.33.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 30.58 per cent during the past one year, while the 30-share index advanced 19.49 per cent during the same period.
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