Bharat Forge shares drop 1.26% as Sensex falls

Bharat Forge shares drop 1.26% as Sensex falls
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Synopsis

A total of 19,883 shares changed hands on the counter till 01:29PM (IST)

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Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
Shares of Bharat Forge Ltd. traded 1.26 per cent down at Rs 837.0 at 01:29PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 301.28 points to 62533.32. The scrip had settled at Rs 847.65 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 896.4 and Rs 595.85, respectively.

As per BSE data, total traded volume on the counter till 01:29PM (IST) stood at 01:29PM shares with turnover at Rs 1.67 crore.

At the current price, the stock trades at 40.32 times its trailing 12-month earnings per share of Rs 20.78 per share and 4.97 times its price-to-book value, the exchange 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 45.25 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.82 per cent and DIIs 24.39 per cent.
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