Bharat Forge shares up 0.85% as Nifty drops
A total of 27,125 shares changed hands on the counter till 12:07PM (IST).
NEW DELHI: Shares of traded 0.85 per cent up in Wednesday's trade at 12:07PM (IST). Around 27,125 shares changed hands on the counter.The stock opened at Rs 1448.75 and touched an intraday high and low of Rs 1467.2 and Rs 1432.5, respectively, in the session so far. The stock of quoted a 52-week high of Rs 1467.2 and a 52-week low of Rs 753.1.
Total market cap of the . stood at Rs 67137.88 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 4219.04 crore for the quarter ended 31-Mar-2024, up 7.56 per cent from previous quarter's Rs 3922.36 crore and up 14.43 per cent from the year-ago quarter's Rs 3686.85 crore.
The net profit for latest quarter stood at Rs 235.95 crore, down 5.85 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 19.82 per cent stake in the company, while foreign institutional investors held 16.47 per cent and the promoters 45.25 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 63.26 and a price-to-book ratio of 7.33. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the Auto Ancl - Others industry.
Source: Stocks-Markets-Economic Times
