Share price of Bharat Forge rises as Nifty strengthens
Bharat Forge Ltd. gained 1.13 per cent to Rs 1189.3 in Tuesday's trade as of 10:40AM (IST).
The stock hit a high price of Rs 1194.95 and low of Rs 1170.05 during the session.
The return on equity (ROE) for the stock stood at 7.87 per cent. Traded volume on the counter stood at 10:40AM shares and turnover at Rs 3.51 crore around that time.
The stock of Bharat Forge Ltd. quoted a 52-week high and 52-week low prices of Rs 1330.0 and Rs 744.0, respectively.
The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.45.
Promotor/FII Holding Promoters held 45.25 per cent stake in the company as of 31-Dec-2023, while overseas investors held 16.6 per cent and domestic institutional investors had 27.63 per cent.
Key Financials The company reported consolidated sales of Rs 3922.36 crore for the quarter ended 31-Dec-2023, up 2.5 per cent from previous quarter's Rs 3826.67 crore and up 15.71 per cent from the year-ago quarter's Rs 3389.95 crore.
Net profit after tax for the latest quarter stood at Rs 264.55 crore, up 220.66 per cent from the same quarter a year ago.
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