Bharat Forge shares gain 1.12% as Sensex falls

Bharat Forge shares gain 1.12% as Sensex falls
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Synopsis

A total of 23,831 shares changed hands on the counter till 10:05AM (IST)

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Shares of Ltd. traded 1.12 per cent up at Rs 728.95 at 10:05AM (IST) on Thursday, even as BSE benchmark Sensex dropped 694.28 points to 59528.87. The stock had settled at Rs 720.9 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 848.0 and Rs 542.45, respectively.

As per BSE data, total traded volume on the counter till 10:05AM (IST) stood at 10:05AM shares with turnover at Rs 1.72 crore.

At the current price, the stock trades at 79.94 times its trailing 12-month earnings per share of Rs 9.09 per share and 5.13 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.

Shareholding Details
Promoters held 44.76 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.1 per cent and DIIs 13.28 per cent.

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