Share price of Bharat Forge jumps as Sensex gains 249.68 points
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.47 per cent and 19.82 per cent, respectively.
The share price of gained 1.93 per cent to Rs 1611.1 at 10:40AM (IST) in Tuesday's trade. The counter has hit a high of Rs 1615.5 and low of Rs 1584.05 so far during the session. The stock had closed at Rs 1580.55 in the previous session.The counter has had a total traded volume of 8880 shares so far with a value of Rs 1.42 crore on the . It traded at a price-to-earnings multiple of 77.87 and a price-to-book ratio of 7.33.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 97.54 per cent during the past one year, while the 30-share index advanced 22.54 per cent during the same period.
belongs to the Auto Ancl - Others industry.
Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 16.47 per cent and 19.82 per cent, respectively.
Key Financials
The firm 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.
Profit for the latest quarter stood at Rs 235.95 crore, down 5.85 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
