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Bharat Forge Ltd spurts 2.34%, gains for third straight session

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Capital Market

Bharat Forge Ltd is quoting at Rs 399.9, up 2.34% on the day as on 12:54 IST on the NSE. The stock is down 38.9% in last one year as compared to a 5.39% drop in NIFTY and a 35.18% drop in the Nifty Auto index.

Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 399.9, up 2.34% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. Bharat Forge Ltd has dropped around 6.52% in last one month.

 

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has dropped around 3.66% in last one month and is currently quoting at 7022.75, up 1.93% on the day. The volume in the stock stood at 8.31 lakh shares today, compared to the daily average of 13.24 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 400.55, up 2.38% on the day. Bharat Forge Ltd is down 38.9% in last one year as compared to a 5.39% drop in NIFTY and a 35.18% drop in the Nifty Auto index.

The PE of the stock is 17.98 based on TTM earnings ending June 19.

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First Published: Aug 27 2019 | 1:05 PM IST

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