Bharat Forge shares rise 1.1% as Sensex slides

Bharat Forge shares rise 1.1% as Sensex slides
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A total of 35,504 shares changed hands on the counter till 11:26AM (IST)

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
Shares of the Bharat Forge Ltd. traded at Rs 736.75 on BSE at 11:26AM (IST) on Friday, up 1.1 per cent from previous close.

The scrip quoted a 52-week low price of Rs 555.6 and a high of Rs 848.0.

Earlier, the stock saw a gap up opening in the morning.

A total of 35,504 lakh shares changed hands on the counter till 11:26AM (IST).

The stock of Bharat Forge Ltd. commands a market value of Rs 34102.04 crore.

The stock traded at a price-to-earning (P/E) multiple of 32.34, while the price-to-book value ratio stood at 5.13. Return on equity (ROE) was at -2.33 per cent, according to exchange data.

In the BSE500 pack, 359 stocks traded in the green, while 142 stocks were in the red.

Promotor Holding
Promoters held 44.76 per cent in the Bharat Forge Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 23.36 per cent and 20.02 per cent, respectively.

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