Bharat Forge shares 0.0% as Nifty gains
A total of 17,236 shares changed hands on the counter till 01:50PM (IST).
NEW DELHI: Shares of traded 0.0 per cent in Monday's trade at 01:50PM (IST). Around 17,236 shares changed hands on the counter.The scrip opened at Rs 1620.4 and touched an intraday high and low of Rs 1627.1 and Rs 1603.0, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 1826.2 and a 52-week low of Rs 840.95.
As per , the total market cap of the . stood at Rs 75402.08 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 19.82 per cent stake in the firm, while foreign institutional investors held 16.47 per cent and the promoters 45.25 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 79.28 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
