Bharat Forge share price up 0.99 per cent


Shares of Ltd. traded 0.99 per cent up at Rs 768.0 at around 12:13PM (IST) on Thursday. The stock had closed at Rs 760.45 in the previous session. Equity benchmark Sensex traded 62.21 points higher at 61212.25 around the same time.

The scrip has climbed 22.08 per cent in the last one year till date, while the 30-share index has gained 34.37 per cent during the same period.

The stock’s 52-week high price stood at Rs 848.0 and the 52-week low price at Rs 555.6.

Trading volume on the counter stood at 14,640 shares, while it quoted a price-to-earnings ratio of 84.46, an EPS value of 9.09 and a price-to-book value of 5.13. In the Nifty50 pack, 34 stocks traded in the green, while 16 stocks were in the red.

Promoter/FII Holding
Promoters held 44.76 per cent stake in the company as of 30-Sep-2021, while FII and mutual funds’ ownership stood at 25.1 per cent and 12.21 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 2423.9 crore, up 12.82 per cent from the previous quarter’s Rs 2148.39 crore and up 71.96 per cent from the year-ago quarter’s Rs 1409.57 crore. The company reported net profit of Rs 271.19 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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