Bharat Forge shares gain 1.02% as Sensex rises
A total of 13,523 shares changed hands on the counter till 01:03PM (IST)
Shares of traded 1.02 per cent up at Rs 1122.5 at 01:03PM (IST) on Thursday, even as benchmark gained 904.44 points to 73900.75. The stock had settled at Rs 1111.1 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 01:03PM (IST) stood at 01:03PM shares with turnover at Rs 1.5 crore.
At the current price, the stock trades at 54.14 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
