Bharat Forge shares down 1.23% as Sensex rises
A total of 13,593 shares changed hands on the counter till 01:44PM (IST)
Shares of fell 1.23 per cent to Rs 1620.0 in Friday's session as of 01:44PM (IST) even as the equity benchmark traded 715.22 points higher at 80612.56.Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 840.95 on . Around 13593 shares changed hands on the counter till 01:44PM (IST).
The stock opened at Rs 1640.25 and has touched an intraday high and low of Rs 1647.0 and Rs 1616.1 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 79.3, earnings per share (EPS) of Rs 20.43 and price to book value (PB) of 7.33, while the return on equity (ROE) stood at Rs 13.26.
Promoter/ FII Holding
The promoters held 45.25 per cent stake in the company as of July 12, while FII and MF ownerships stood at 16.47 per cent and 19.82 per cent, respectively.
Key Financials
With a market capitalisation of Rs 75425.36 crore, the company operates in the Auto Ancl - Others industry. 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 same quarter a year ago. The company reported net profit of Rs 235.95 crore for the latest quarter, down 5.85 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 46.98. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
