Bharat Forge Share Price: Bharat Forge stock price up 2.4 per cent as Sensex slides

Shares of Ltd. rose 2.4 per cent to Rs 778.1 at 11:53AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 35,674 shares with a turnover of Rs 2.73 crore till 11:53AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 299.95, 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. The stock hit an intraday high of Rs 780.05 and a low of Rs 758.45 during the session and quoted a 52-week high price of Rs 846.6 and a 52-week low of Rs 445.1.



The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.45.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 693.92 on October 26, while the 50-DMA was at Rs 766.71. If a stock trades above 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 a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 51.57. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2021, promoters held 44.76 per cent stake in the company, while FIIs held 25.1 per cent and domestic institutional investors had 13.28 per cent.

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