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Bharat Forge Ltd under sustained selling pressure

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Bharat Forge Ltd is quoting at Rs 505, down 1.16% on the day as on 13:19 IST on the NSE. The stock jumped 3.04% in last one year as compared to a 12.01% rally in NIFTY and a 5.2% fall in the Nifty Auto index.

Bharat Forge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 505, down 1.16% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.31% on the day, quoting at 12132.55. The Sensex is at 41198.64, down 0.3%.Bharat Forge Ltd has gained around 0.9% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 0.2% in last one month and is currently quoting at 8245.9, down 0.99% on the day. The volume in the stock stood at 7.16 lakh shares today, compared to the daily average of 13.95 lakh shares in last one month.

 

The benchmark January futures contract for the stock is quoting at Rs 506.95, down 0.92% on the day. Bharat Forge Ltd jumped 3.04% in last one year as compared to a 12.01% rally in NIFTY and a 5.2% fall in the Nifty Auto index.

The PE of the stock is 23.09 based on TTM earnings ending September 19.

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First Published: Jan 22 2020 | 1:35 PM IST

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