Bharat Forge shares drop 1.06% as Sensex falls
A total of 74,035 shares changed hands on the counter till 02:10PM (IST)
Shares of traded 1.06 per cent down at Rs 1166.4 at 02:10PM (IST) on Monday, even as benchmark dropped 385.61 points to 73733.78. The stock had closed at Rs 1178.95 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 1330.0 and Rs 744.0, respectively.
As per BSE data, total traded volume on the counter till 02:10PM (IST) stood at 02:10PM shares with turnover at Rs 8.66 crore.
At the prevailing price, shares of the company trades at 56.4 times its trailing 12-month earnings per share of Rs 20.74 per share and 5.35 times its price-to-book value, the exchange 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-Dec-2023, while FIIs owned 16.6 per cent and DIIs 27.63 per cent.
Source: Stocks-Markets-Economic Times
