Bharat Forge shares up 0.2% as Nifty gains
A total of 41,889 shares changed hands on the counter till 01:09PM (IST).
NEW DELHI: Shares of traded 0.2 per cent up in Thursday's trade at 01:09PM (IST). Around 41,889 shares changed hands on the counter.The stock opened at Rs 1654.95 and touched an intraday high and low of Rs 1669.45 and Rs 1628.25, 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 832.9.
Total market cap of the . stood at Rs 77317.98 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 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 P/E multiple of 81.29 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
