Bharat Forge shares up 0.14% as Nifty drops
A total of 30,255 shares changed hands on the counter till 11:36AM (IST).
NEW DELHI: Shares of traded 0.14 per cent up in Friday's trade at 11:36AM (IST). Around 30,255 shares changed hands on the counter.The stock opened at Rs 1319.35 and touched an intraday high and low of Rs 1326.35 and Rs 1309.0, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 1330.0 and a 52-week low of Rs 748.2.
Total market cap of the . stood at Rs 56904.24 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3922.36 crore for the quarter ended 31-Dec-2023, up 2.5 per cent from previous quarter's Rs 3826.67 crore and up 15.71 per cent from the year-ago quarter's Rs 3389.95 crore.
The net profit for latest quarter stood at Rs 264.55 crore, up 220.66 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs 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 data, the stock traded at a price-to-earnings multiple of 63.26 and a price-to-book ratio of 5.35. 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
