Share price of Bharat Forge jumps as Sensex drops 18.49 points
Bharat Forge Ltd. gained 1.09 per cent to Rs 1045.6 at 11:05AM (IST) in Thursday's trade. The scrip hit a high of Rs 1045.6 and low of Rs 1033.05 so far during the session.
The stock had closed at Rs 1034.3 in the previous session.
The counter had a total traded volume of 11:05AM shares so far with a turnover of Rs 1.3 crore on BSE. The stock traded at a price-to-earnings multiple of 62.01 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 is the measure of the price that investors are ready to pay even for no growth in the business.
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-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 16.28 per cent and 27.94 per cent, respectively.
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 the previous quarter's Rs 3941.42 crore and down 22.56 per cent from the year-ago quarter's Rs 3122.27 crore.
