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Bharat Forge Ltd eases for fifth straight session

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Capital Market
Last Updated : Oct 09 2018 | 1:50 PM IST

The stock is quoting at Rs 559.65, down 1.14% on the day as on 13:19 IST on the NSE. Bharat Forge Ltd tumbled 14.37% in last one year as compared to a 2.96% rally in NIFTY and a 21.14% fall in the Nifty Auto index.

Bharat Forge Ltd dropped for a fifth straight session today. The stock is quoting at 559.65, down 1.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 10313. The Sensex is at 34437.18, down 0.11%.Bharat Forge Ltd has eased around 16.1% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 19.79% in last one month and is currently quoting at 8969.1, down 3.03% on the day. The volume in the stock stood at 9.15 lakh shares today, compared to the daily average of 12.96 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 561.2, down 1.51% on the day. Bharat Forge Ltd tumbled 14.37% in last one year as compared to a 2.96% rally in NIFTY and a 21.14% fall in the Nifty Auto index.

The PE of the stock is 31.83 based on TTM earnings ending June 18.

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First Published: Oct 09 2018 | 1:35 PM IST

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