Share price of Bharat Forge jumps as Sensex gains 494.66 points
Bharat Forge Ltd. gained 1.01 per cent to Rs 1070.75 at 11:21AM (IST) in Thursday's trade. The scrip has hit a high of Rs 1076.4 and low of Rs 1063.3 so far during the session.
The stock had closed at Rs 1060.0 in the previous session.
The counter has had a total traded volume of 4627 shares so far with a value of Rs 0.5 crore on the NSE. It traded at a price-to-earnings multiple of 70.82 and a price-to-book ratio of 5.35.
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 51.31 per cent during the past one year, while the 30-share index advanced 16.11 per cent during the same period.
Bharat Forge Ltd. belongs to the Auto Ancl — Others industry.
Promotor/FII Holding Promoters held 45.25 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 15.79 per cent and 20.28 per cent, respectively.
