Share price of Bharat Forge jumps as Sensex gains 111.16 points

economictimes.indiatimes.com:

Bharat Forge Ltd. gained 0.5 per cent to Rs 917.0 at 11:26AM (IST) in Monday's trade. The counter has hit a high of Rs 927.85 and low of Rs 912.95 so far during the session.

The stock had closed at Rs 912.45 in the previous session. The counter has had a total traded volume of 4570 shares so far with a value of Rs 4206.0 crore on the NSE. It traded at a price-to-earnings multiple of 66.03 and a price-to-book ratio of 5.35.

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 29.76 per cent during the past one year, while the 30-share index advanced 12.82 per cent during the same period.Bharat Forge Ltd.