Bharat Forge Share Price: Bharat Forge rises 0.66% as Sensex climbs

Shares of Ltd. traded at Rs 787.65 on BSE at 10:36AM (IST) on Friday, up 0.66 per cent from previous close.

The scrip quoted a 52-week low price of Rs 478.0 and a high of Rs 848.0.

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



A total of 51,195 lakh shares changed hands on the counter till 10:36AM (IST).

The stock of Bharat Forge Ltd. commanded a market value of Rs 36809.44 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 304.14, 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, 264 stocks traded in the green, while 236 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 portfolio investors 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 705.38 on November 12, while the 50-DMA was at 773.48. 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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