Share price of Bharat Forge falls as Sensex drops 681.6 points
A total of 12,572 shares changed hands on the counter till 12:28PM (IST)
Share price of dropped 2.37 per cent to Rs 1128.15 at 12:28PM (IST) in Wednesday's trade. The scrip hit a high of Rs 1164.0 and low of Rs 1120.5 so far during the session. The stock had closed at Rs 1155.6 in the previous session.The counter had a total traded volume of 12:28PM shares so far with a turnover of Rs 1.43 crore on . The stock traded at a price-to-earnings multiple of 54.7 and a price-to-book ratio of 5.35.
A higher P/E ratio shows 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 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.
Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 16.6 per cent and 27.63 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 3922.36 crore for the quarter ended 31-Dec-2023, up 2.5 per cent from the previous quarter's Rs 3826.67 crore and up 15.71 per cent from the year-ago quarter's Rs 3389.95 crore.
Its profit for the latest quarter stood at Rs 264.55 crore, up 220.66 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
