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Bharat Forge Ltd up for third straight session

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Capital Market
Last Updated : Oct 30 2018 | 1:16 PM IST

The stock is quoting at Rs 570.5, up 2.44% on the day as on 12:49 IST on the NSE. Bharat Forge Ltd is down 18.29% in last one year as compared to a 0.9% slide in NIFTY and a 22.79% slide in the Nifty Auto index.

Bharat Forge Ltd gained for a third straight session today. The stock is quoting at Rs 570.5, up 2.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 10241.95. The Sensex is at 34060.62, down 0.02%. Bharat Forge Ltd has slipped around 8.8% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has slipped around 9.11% in last one month and is currently quoting at 8723.9, up 0.63% on the day. The volume in the stock stood at 6.01 lakh shares today, compared to the daily average of 12.75 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 571.95, up 2.44% on the day. Bharat Forge Ltd is down 18.29% in last one year as compared to a 0.9% slide in NIFTY and a 22.79% slide in the Nifty Auto index.

The PE of the stock is 31.32 based on TTM earnings ending June 18.

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First Published: Oct 30 2018 | 1:05 PM IST

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