Bharat Forge share price down 4.13 per cent

Bharat Forge share price down 4.13 per cent
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Synopsis

A total of 103,624 shares changed hands on the counter till 01:28PM (IST).

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Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.

INSIGHTS

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PEER COMPANIES

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Shares of Ltd. traded 4.13 per cent up at Rs 562.8 at around 01:28PM (IST) on Monday. The stock had closed at Rs 587.05 in the previous session. Equity benchmark Sensex traded 970.86 points lower at 47861.17 around the same time.


The scrip has climbed 98.27 per cent in the last one year till date, while the 30-share index has gained 73.47 per cent during the same period.

The stock's 52-week high price stood at Rs 676.1 and the 52-week low price at Rs 229.3.

Trading volume on the counter stood at 103,624 shares, while it quoted a price-to-earnings ratio of -63.84, an EPS value of -8.8 and a price-to-book value of 2.09. In the Nifty50 pack, 7 stocks traded in the green, while 43 stocks were in the red.

Promoter/FII Holding
Promoters held 45.76 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and MF ownership stood at 24.94 per cent and 10.7 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1761.11 crore, up 24.94 per cent from the previous quarter's Rs 1409.57 crore and up 5.72 per cent from the year-ago quarter's Rs 1868.05 crore. The company reported net loss of Rs 210.45 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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