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Bharat Forge Ltd rises for fifth straight session

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Bharat Forge Ltd is quoting at Rs 492.5, up 1.42% on the day as on 12:44 IST on the NSE. The stock is down 5.61% in last one year as compared to a 11.29% gain in NIFTY and a 15.3% gain in the Nifty Auto.

Bharat Forge Ltd rose for a fifth straight session today. The stock is quoting at Rs 492.5, up 1.42% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 12205.6. The Sensex is at 41491.61, up 0.34%. Bharat Forge Ltd has added around 8.3% in last one month.

 

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has added around 0.14% in last one month and is currently quoting at 8039.9, up 0.16% on the day. The volume in the stock stood at 11.32 lakh shares today, compared to the daily average of 15.31 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 493, up 1.25% on the day. Bharat Forge Ltd is down 5.61% in last one year as compared to a 11.29% gain in NIFTY and a 15.3% gain in the Nifty Auto index.

The PE of the stock is 22 based on TTM earnings ending September 19.

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First Published: Dec 18 2019 | 1:00 PM IST

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