Bharat Forge shares drop 0.37% as Sensex rises
A total of 19,215 shares changed hands on the counter till 01:23PM (IST)
Shares of traded 0.37 per cent down at Rs 1668.25 at 01:23PM (IST) on Tuesday, even as benchmark gained 384.15 points to 80344.53. The stock had settled at Rs 1674.5 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 1826.2 and Rs 839.65, respectively.
As per BSE data, total traded volume on the counter till 01:23PM (IST) stood at 01:23PM shares with turnover at Rs 3.2 crore.
At the prevailing price, shares of the company trades at 81.68 times its trailing 12-month EPS of Rs 20.43 per share and 7.33 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.
Shareholding Details
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FIIs owned 16.47 per cent and DIIs 27.91 per cent.
Source: Stocks-Markets-Economic Times
