Bharat Forge share price up 0.75 per cent
A total of 17,213 shares changed hands on the counter till 12:57PM (IST).
Shares of traded 0.75 per cent up at Rs 1473.4 at around 12:57PM (IST) on Thursday. The stock had closed at Rs 1462.35 in the previous session. Equity benchmark traded 77.69 points lower at 72909.34 around the same time. The scrip has climbed 91.56 per cent in the last one year till date, while the 30-share index has gained 18.05 per cent during the same period.
The stock's 52-week high price stood at Rs 1480.45 and the 52-week low price at Rs 753.1.
Trading volume on the counter stood at 17,213 shares, while it quoted a price-to-earnings ratio of 63.26, an EPS value of 20.43 and a price-to-book value of 7.33. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.
Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while foreign institutional investors and mutual funds' ownership stood at 16.47 per cent and 19.82 per cent, respectively.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4219.04 crore, 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. The company reported net profit of Rs 235.95 crore for the latest quarter.
Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
The stock's 52-week high price stood at Rs 1480.45 and the 52-week low price at Rs 753.1.
Trading volume on the counter stood at 17,213 shares, while it quoted a price-to-earnings ratio of 63.26, an EPS value of 20.43 and a price-to-book value of 7.33. In the Nifty50 pack, 19 stocks traded in the green, while 31 stocks were in the red.
Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while foreign institutional investors and mutual funds' ownership stood at 16.47 per cent and 19.82 per cent, respectively.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 4219.04 crore, 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. The company reported net profit of Rs 235.95 crore for the latest quarter.
Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
Source: Stocks-Markets-Economic Times
