Bharat Forge shares up 2.17% as Nifty gains

As of 10:30AM (IST), the counter saw total traded volume of 17,975 shares with a traded value of Rs 2.92 crore, according to .

The stock had closed at Rs 1603.25 in the previous session.

The scrip has advanced 15.95 per cent in the past one month till date, while the benchmark BSE has gained 3.29 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 78.35 while price-to-book ratio stood at 7.33. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto Ancl - Others industry.

Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and MF ownership in the firm stood at 16.47 per cent and 19.82 per cent, respectively.

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 the previous quarter's Rs 3922.36 crore and up 14.43 per cent from the year-ago quarter's Rs 3686.85 crore. Its net profit for the latest quarter stood at Rs 235.95 crore, down 5.85 per cent from the same quarter a year ago.