Share price of Bharat Forge rises as Nifty strengthens

Share price of Bharat Forge rises as Nifty strengthens
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Synopsis

A total of 4,078 shares changed hands on the counter till 10:15AM (IST).

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of Bharat Forge Ltd. gained 1.3 per cent to Rs 847.85 in Thursday's trade as of 10:15AM (IST).

The stock hit a high price of Rs 850.0 and low of Rs 834.05 during the session.

The return on equity (ROE) for the stock stood at 16.46 per cent. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 0.34 crore around that time.

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

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

Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 30-Sep-2022, while overseas investors held 18.82 per cent and domestic institutional investors had 24.39 per cent.

Key Financials
The company reported consolidated sales of Rs 3122.27 crore for the quarter ended 30-Sep-2022, up 8.26 per cent from previous quarter's Rs 2884.04 crore and up 28.81 per cent from the year-ago quarter's Rs 2423.9 crore.

Net profit after tax for the latest quarter stood at Rs 145.92 crore, down 46.2 per cent from the same quarter a year ago.
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