Bharat Forge shares gain 0.28% as Sensex rises
The stock quoted a 52-week high of Rs 1463.3 and a 52-week low of Rs 753.1.
Shares of traded 0.28 per cent higher in Friday's session at 11:21AM (IST). The stock opened at Rs 1421.65 and has touched an intraday high and low of Rs 1437.05 and Rs 1413.25, respectively, during the session so far.The stock quoted a 52-week high of Rs 1463.3 and a 52-week low of 753.1. About 28,289 shares changed hands on the counter so far.
Benchmark Nifty50 was up 117.75 points at 22075.25, while the BSE traded 309.72 points higher at 72713.89 at the time of writing of this report.
In the pack, 37 stocks traded the day in the green, while 13 were in the red.
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. The company reported net profit of Rs 235.95 crore for the latest quarter.
Promoter Holdings
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FIIs held 16.47 per cent and MFs 19.82 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1126.4 on May 10, while the 50-DMA was at Rs 1191.56. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
