Shutterstock.comShares of Bharat Forge Ltd. gained 1.07 per cent to Rs 735.15 in Tuesday's trade as of 11:31AM (IST). It hit a high of Rs 740.0 and low of Rs 730.4 during the session.
The stock quoted a 52-week high price of Rs 848.0 and a low of Rs 555.6. The return on equity for the stock stood at -2.33 per cent. About 8,855 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.45.
The scrip has been an outperformer, up 24.52 per cent in the past one year in comparison with a 17.78 per cent gain in Sensex.
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 555.6 on April 19, while the 50-DMA was at Rs 694.6. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 44.76 per cent stake in Bharat Forge Ltd. as of 31-Dec-2021. Mutual funds and foreign institutional investors held 14.32 per cent and 23.36 per cent stake.
The stock quoted a 52-week high price of Rs 848.0 and a low of Rs 555.6. The return on equity for the stock stood at -2.33 per cent. About 8,855 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.45.
The scrip has been an outperformer, up 24.52 per cent in the past one year in comparison with a 17.78 per cent gain in Sensex.
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 555.6 on April 19, while the 50-DMA was at Rs 694.6. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 44.76 per cent stake in Bharat Forge Ltd. as of 31-Dec-2021. Mutual funds and foreign institutional investors held 14.32 per cent and 23.36 per cent stake.
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