The stock quoted a 52-week low price of Rs 477.2 and a high of Rs 846.6.
Earlier, shares of the company saw a gap up opening in the morning.
A total of 41,970 lakh shares changed hands on the counter till 12:08PM (IST).
The stock of Bharat Forge Ltd. commanded a market value of Rs 38387.78 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 317.18, 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, 333 stocks traded in the green, while 167 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-Sep-2021 while foreign and domestic institutional investors owned 25.1 per cent and 12.21 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 702.37 on November 09, while the 50-DMA was at 770.38. 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.
