Share price of Bharat Forge jumps as Sensex gains 492.74 points
Bharat Forge Ltd. gained 0.59 per cent to Rs 1560.15 at 10:56AM (IST) in Tuesday's trade. The counter has hit a high of Rs 1606.15 and low of Rs 1558.45 so far during the session. The stock had closed at Rs 1550.9 in the previous session.
The counter has had a total traded volume of 14203 shares so far with a value of Rs 2.24 crore on the NSE. It traded at a price-to-earnings multiple of 76.83 and a price-to-book ratio of 7.33.
A higher price-to-earnings 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 70.98 per cent during the past one year, while the 30-share index advanced 18.81 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-2024, while FIIs and domestic institutional investors ownership stood at 17.03 per cent and 19.35 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4219.04 crore for the quarter ended 31-Mar-2024, up 7.56 per cent from the previous quarter's Rs 3922.36 crore and up 14.43 per cent from the year-ago quarter's Rs 3686.85 crore.
Profit for the latest quarter stood at Rs 235.95 crore, down 5.85 per cent from the same quarter a year ago.
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