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    Bharat Forge share price up 3.8 per cent

    Synopsis

    A total of 142,997 shares changed hands on the counter till 10:00AM (IST).

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    India is hardly immune to the global trend of sliding fees and trading commissions.
    Shares of Ltd. traded 3.8 per cent up at Rs 796.9 at around 10:00AM (IST) on Wednesday. The stock had closed at Rs 767.75 in the previous session. Equity benchmark Sensex traded 1.54 points lower at 52859.64 around the same time.


    The scrip has climbed 112.43 per cent in the last one year till date, while the 30-share index has gained 49.19 per cent during the same period.

    Did you Know?

    Stock score of Bharat Forge Ltd moved up by 1 in a month on a 10-point scale.

    View Latest Stock Report »
    The stock's 52-week high price stood at Rs 808.05 and the 52-week low price at Rs 353.2.

    Trading volume on the counter stood at 142,997 shares, while it quoted a price-to-earnings ratio of -288.19, an EPS value of -2.77 and a price-to-book value of 2.09. In the Nifty50 pack, 24 stocks traded in the green, while 26 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 mutual funds' ownership stood at 24.94 per cent and 10.7 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2135.23 crore, up 21.24 per cent from the previous quarter's Rs 1761.11 crore and up 18.91 per cent from the year-ago quarter's Rs 1795.6 crore. The company reported net profit of Rs 208.61 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish 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.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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