Bharat Forge shares rise 0.05 per cent in Tuesday's trading session
The Relative Strength Index of the stock stood at 45.48 on Tuesday.
Shares of rose 0.05 per cent to Rs 1130.35 in Tuesday's trade as of 11:26AM (IST) even as the benchmark ruled at 22044.75, down 52.0 points.The scrip had closed at Rs 1129.7 in the previous session. The stock quoted a 52-week low of Rs 744.0 and a high of Rs 1330.0. The company quoted a market-cap of Rs 52518.4 crore on the .
On BSE, 14,376 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 54.38 times its trailing 12-month EPS of Rs 20.74 per share and 5.35 times its book value. The return on equity (ROE) stood at Rs 7.87.
Key Financials
For the quarter ended 31-Dec-2023, reported consolidated sales of Rs 3922.36 crore, up 15.71 per cent from the same quarter a year ago. The company reported 220.66 per cent YoY growth in net profit at Rs 264.55 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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
