Bharat Forge rises 1.99% as Sensex climbs

Shares of Ltd. traded at Rs 806.0 on BSE at 11:07AM (IST) on Wednesday, up 1.99 per cent from previous close.

The scrip quoted a 52-week low price of Rs 439.4 and a high of Rs 846.6.

Earlier, the stock saw a gap down opening in the morning.

A total of 38,493 lakh shares changed hands on the counter till 11:07AM (IST).

The stock of Bharat Forge Ltd. commanded a market value of Rs 37356.5 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 308.66, while the price-to-book value ratio stood at 5.13. Return on equity (ROE) was at -2.33 per cent, according to exchange data.

In the BSE500 pack, 371 stocks traded in the green, while 129 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 1.45.

Promotor/FII Holding

Promoters held 44.76 per cent in Bharat Forge Ltd. as of 30-Jun-2021 while foreign and domestic institutional investors owned 25.3 per cent and 10.92 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 683.83 on October 13, while the 50-DMA was at 767.35. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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