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    Bharat Forge shares decline 0.63% as Sensex climbs

    Synopsis

    A total of 31,181 shares changed hands on the counter till 02:04PM (IST)

    Tech View
    Analysts see 15,900 to continue to pose as the immediate resistance.
    Shares of the Bharat Forge Ltd. traded at Rs 788.05 on BSE at 02:04PM (IST) on Thursday, down 0.63 per cent from previous close.

    The stock quoted a 52-week low price of Rs 597.5 and a high of Rs 919.5.

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

    A total of 31,181 lakh shares changed hands on the counter till 02:04PM (IST).

    The stock of Bharat Forge Ltd. commands a market value of Rs 36604.58 crore.

    The stock traded at a price-to-earning (P/E) multiple of 58.23, while the price-to-book value ratio stood at 4.97. Return on equity (ROE) was at 16.46 per cent, according to exchange data.

    In the BSE500 pack, 219 stocks traded in the green, while 282 stocks were in the red.

    Promotor Holding
    Promoters held 45.25 per cent in the Bharat Forge Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 17.88 per cent and 26.0 per cent, respectively.
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