Bharat Forge Stock Price: Bharat Forge share price up 0.44 per cent

Shares of Ltd. traded 0.44 per cent up at Rs 583.75 at around 11:48AM (IST) on Tuesday. The stock had closed at Rs 581.2 in the previous session. Equity benchmark Sensex traded 44.31 points higher at 47927.69 around the same time.

The scrip has climbed 142.68 per cent in the last one year till date, while the 30-share index has gained 73.78 per cent during the same period.

The stock’s 52-week high price stood at Rs 676.1 and the 52-week low price at Rs 229.3.

Trading volume on the counter stood at 32,324 shares, while it quoted a price-to-earnings ratio of -66.09, an EPS value of -8.8 and a price-to-book value of 2.09. In the Nifty50 pack, 37 stocks traded in the green, while 13 stocks were in the red.

Promoter/FII Holding
Promoters held 45.76 per cent stake in the company as of 31-Dec-2020, while foreign institutional investors and mutual funds’ ownership stood at 23.46 per cent and 10.63 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1761.11 crore, up 24.94 per cent from the previous quarter’s Rs 1409.57 crore and up 5.72 per cent from the year-ago quarter’s Rs 1868.05 crore. The company reported net loss of Rs 210.45 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish 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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