Bharat Forge Share Price: Bharat Forge share price up 2.13 per cent

Shares of Ltd. traded 2.13 per cent up at Rs 791.2 at around 11:12AM (IST) on Monday. The stock had closed at Rs 774.7 in the previous session. Equity benchmark Sensex traded 125.81 points higher at 60812.5 around the same time.

The scrip has climbed 63.44 per cent in the last one year till date, while the 30-share index has gained 39.98 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 478.0.

Trading volume on the counter stood at 50,378 shares, while it quoted a price-to-earnings ratio of 79.53, an EPS value of 9.96 and a price-to-book value of 5.13. In the Nifty50 pack, 27 stocks traded in the green, while 23 stocks were in the red.

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

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 2148.39 crore, up 0.62 per cent from the previous quarter’s Rs 2135.23 crore and up 79.15 per cent from the year-ago quarter’s Rs 1199.24 crore. The company reported net profit of Rs 153.65 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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