Bharat Forge shares gain 1.48% as Sensex rises
The stock quoted a 52-week high of Rs 1826.2 and a 52-week low of Rs 840.95.
Shares of traded 1.48 per cent higher in Tuesday's session at 10:51AM (IST). The stock opened at Rs 1628.1 and has touched an intraday high and low of Rs 1660.0 and Rs 1628.1, respectively, during the session so far.The stock quoted a 52-week high of Rs 1826.2 and a 52-week low of 840.95. About 12,555 shares changed hands on the counter so far.
Benchmark Nifty50 was up 68.1 points at 24654.8, while the BSE traded 203.48 points higher at 80868.34 at the time of writing of this report.
In the pack, 33 stocks traded the day in the green, while 17 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 30-Jun-2024, while FIIs held 17.04 per cent and MFs 19.35 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1264.4 on July 16, while the 50-DMA was at Rs 1585.36. 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
